On occasions a Pre Purchase Building Inspection report will identify a Major Structural Defect on a residential Building which will enable the Buyer to invoke the often used Real Estate Institute WA (“REIWA”) Pre Purchase Building Inspection Annexure. But what to do? The following is NOT Legal Advice. Readers should seek independent Legal Advice as…
It is generally accepted that termite and wood boring pests are a part of living in in WA. The soil conditions are conducive to these pests. Termites can do an enormous amount of damage to a property, to the extent that a property can be made structurally unsound. For this reason, most WA residential property…
Important new WA OHS Workplace Regulations come into effect on May 14, 2018. Real Estate Agents, Property Conveyances and Strata Managers need to be aware of these changes. Essentially the changes mean that nobody in WA is permitted to work in a residential roof space while the power to the property is energised (remains turned…
When a pre purchase building inspection in Western Australia identifies a structural defect and the purchase contract has utilised the standard REIWA Building Inspection clause, a very specific sequence of events needs to be followed, starting with the provision of the completed building inspection report to the seller and then the serving of a formal…
An Offer to Purchase Property Contract (“O&A”) is a written agreement between buyer and seller for the purchase of a property under the conditions set forth in the offer. Once signed by both the buyer and seller and all the pre-conditions are satisfied, a buyer will generally be bound to their offer. Prior to submitting…
Does the thought of an impending building inspection leave you anxious and feeling ill-prepared? If so, you’re not alone. Many homeowners find themselves dreading the inspection when their properties are on the market. The best line of defence against this particular type of stress is to simply be prepared. In today’s competitive buyers’ market, prospective…