1. What are we talking about? Many WA residential property purchases are subject to Pre Purchase Building Inspections. To incorporate the Building Inspection requirement into the Standard Real Estate Institute of WA (“REIWA”) Offer to Purchase contract, an Annexure is usually added which describes the Pre Purchase Building Inspection requirements. The most often used Annexure by…
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…
Houspect WA wants to assure all of its clients that it continues to monitor developments with the Covid 19 as closely as possible. The protection of our clients, Agents, inspectors and property occupants is very important to us. We continue to operate our business across Western Australia and are undertaking building inspections for our clients…
Caution is recommended when structural defects are identified in a building inspection report and the standard REIWA building inspection clause has been utilised in a West Australian Property Offer and Acceptance Contract. While not common, occasionally structural defects are identified when a building inspection is conducted. What buyers and agents do next is critical. When…