Things to look out for when viewing a property

Property viewing is an important step in the property purchasing process. What must you pay attention to?

Avoid buyers’ remorse by thoroughly checking for possible problems before signing an offer to purchase.

After spending weeks – or even months – looking at properties to buy, finally finding one that seems to suit you perfectly could cause you to miss some possible defects that will lead to regret in the long run. In your enthusiasm to sign an offer to purchase, it’s important to pause and take a long hard look at the property to ensure everything is what it seems. Although sellers are legally obliged to declare any known defects, it’s often difficult to prove that they knew about all the problems that might only become apparent once you have moved in.

Before signing an offer to purchase

Visit the property on several occasions at different times of the day as well as over weekends and during the week. This will give you a good indication of noise levels, what vehicular traffic is like in the area, as well as the type of pedestrians who pass by. You also need to make a list of things to look out for that could you make your purchase a nightmare instead of a dream home. Defects like leaking roofs, damp walls and ceilings and rotten shelves in cupboards can be costly to repair, and generally need to be attended to before you can settle in comfortably.

Checklist items

Options

If the home you want to buy has some or all of these defects, you could still make an offer subject to the seller putting the faults to rights. Alternatively, you could estimate the cost of repairs and put in a lower offer. If the seller refuses to budge, your best option is to walk away from the deal and keep looking for a home that really meets your needs.

Exit mobile version