Pre-Sale/Vendor Report

 

What is a Pre-Sale Vendor Report?

Pre-Sale Reports for vendors are prepared specifically for the vendor to understand the true condition of the property and to have the opportunity to attend to any problems in advance.

Why do you need one?

It is now common practice for Real Estate Agents to refer their clients to Building Inspection Companies prior to the home going on the market.  A Pre-Sale Inspection Report can become an excellent marketing tool in the sale of your home.  A Pre-Sale Report will uncover issues that the vendor might not have been aware of, and cut out the possibility of needed last minute repairs, and possible reductions in buyer’s offer, holding up the sale.

What is carried out?

For a $50 deposit the vendor/agent engages the independent Inspection Company to carry out the inspection and report on the property with the intention of making the report available to be purchased for $50 by all interested parties saving everyone involved, time and money. If the property is sold to a purchaser of the report, they pay a balance of $450. If the house is not sold or sold to a person who did not purchase a copy of the report then the vendor pays a balance of $350.

Using the latest software program, which has been specifically designed for the building and pest industry, together with hand held P.C device technology, to describe the condition of the property at the time of inspection, a fully compliant and detailed report is compiled, that can be completed on site and sent the next business day. Both inspection and report comply with Australian Standards.  And any areas that need immediate attention or are considered dangerous, will be highlighted.

When the inspection has been done, the interested parties can then purchase the report at the reduced cost.  Buyers then know more about the property in advance and can feel safe to proceed to the auction stage.