Majority of home buyers will conduct termite inspections in Sydney and refuse to buy a property with signs of termite infestations. A clever buyer knows that having termite damage indicated on the report can be an advantage on their part.
Patrick Bright, an author as well as agent for buyers of real estate, said that majority of the problems indicated in a pest report can be about rise in the damp and termite infestation. He added that this should not be considered as a big problem but it can be beneficial to the buyers.
According to him, a clever investor will be able to conduct an assessment on how much the damage repair is going to be. Armed with the information, the buyer should be able to use it when negotiating with the seller.
Mr. Bright said that it is a common reaction for buyers to stay away from a property as soon as they read the report stating that the property is damaged by termites. On his part, seeing a termite damage means he will be able to negotiate with the price and he does not have to worry about having a lot of competition.
Buyers usually turn down a property with rising damp or termite damage indicated on the report. These two are very common issues in and it can be repaired without causing a scene. The clever buyer will ask a professional to assess how much the cost to get the damage repaired. If the numbers are too high then you can negotiate well because not many buyers will be willing to handle the problems.
Mr. Bright also cautioned about buyers who are eager to purchase even without an inspection because this is a vital proves. Inspections might cost a lot but it is important to let you know about the issues of the properties that you are purchasing. There are expensive issues that must be known such as problematic plumbing, faulty wiring, issues in the structure and shifting foundations.
You must consider the repair needed before making an offer or you can skip purchasing if the termite inspections in Sydney show that the problem is too big.