Ep84. Recommended Time To Allow For The Building Inspection Clause | by Brendan Homan Properties

submitted by Brendan Homan on 06/08/17 1

EP84. RECOMMENDED TIME TO ALLOW FOR THE BUILDING INSPECTION CLAUSE ON YOUR HOUSE CONTRACT! Sometimes purchasers wish to align their building and pest inspection due dates with the finance approval date, which is quite often 3 weeks. The reason for this extended time is so that if their finance is not approved, they can cancel the building inspection and not be out of pocket. We recommend it's beneficial for the Purchaser having their inspections done as quickly as possible, so that if an issue does come up, they know about it quickly and have plenty of time to be able to deal with it. It's also beneficial for the Seller in that if the contract falls over, they can quickly place the home back on the market and haven't lost too much marketing momentum due to being 'under contract' for an extended period. www.brendanhoman.com.au

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