Buying a second hand property is not an easy task, usually enacted under pressure of time. Good properties at the right price are still difficult to find, and decisions have to be made very quickly. But not too quickly...
People buying a property, especially if it is their first home, are inclined to get carried away on a wave of emotion. So excited are they at the prospect of becoming a home owner that they fail to see problems with the property. Problems, that if not taken care of before the purchase is completed, will come back to haunt them and cause their dream home to become a nightmare.
That is why, before buying any form of property, either for an investment or to live in, sentiment needs to be taken out of the loop, and a property inspection expert needs to be called in. A professional property expert has an obligation to point out to their clients any existing and potential defects that exist in the property that they are interested in buying. Sellers tend to be less emotional about their property and more emotional about their profit margin. For that reason they will do their best to disguise and conceal any defects in the property, in the hope that the buyer will miss them, and the repair costs will fall on the buyer long after the seller has moved on. Second hand properties are sold as seen and that is why hiring the services of a properly inspector is of vital importance.
Buying a second hand property is not an easy task, usually enacted under pressure of time. Good properties at the right price are still difficult to find, and decisions have to be made very quickly. But not too quickly! If the seller cannot wait the 24 hours notice that a property inspector will need, then become suspicious and not anxious. It may save you a lot of money if you carry out an extensive property inspection before making a concrete offer. An inclusive property inspection will look for exterior and interior defects, and if there are any, should be able to point them out in some depth. In many cases a property inspector may be able to provide an objective estimate of how much approximately it will cost to carry out these repairs. This can be a very important guide to deciding either to place a firm offer on the property, or move on to the next one.