Vendor report risks. Problems identified in a building inspection in the Wilston area, a Northern suburb of Brisbane,

Risks from vendor reports. Courtesy of Peter Weddell, owner/operator of Qld Building Inspection Service and Queensland Building Inspection Service, QBIS.

The owner of this property decided to employ a inspector suggested by the selling agent, this is what their inspectors report neglected to mention !

An illegal structure built by the owner without Council approval. This was not mentioned in the vendors report.

Important notes:

Insurance companies are highly unlikely to take on the potential liability of any structure that has been built without Council approval. Always check with your insurer to know where you stand in case of the unexpected happening !

Potential risks:

  • Potential risk of damage to other properties and/or people if the structure was lifted in a storm.
  • This would not likely be covered by your insurer.
  • You would have to pay for this potential liability!

Expenses:

Additional to the house purchase price.

  • Removal of the structure
  • Plans drafted.
  • Council approval.
  • Soil tests.
  • Re-building in accordance with approved plans and where necessary, engineers direction.
  • Certification costs.

vendor report and risks

Inadequate securing where this patio roof structure is attached to the house with rivets to the metal fascia.

The supporting posts were supported by paving that had moved considerably, indicating that further movement was likely.

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Structures must be appropriately secured through the metal fascia to the roof structure of the house. Metal fascia’s are not designed to support any structures.

There is no such thing as a free report!

  • A vendor report is paid for, by the seller and worded in such a manner to help the sale of a property go through.
  • Major problems are often omitted
  • Their inspector has no legal responsibility whatsoever to you for omissions or understating any defects.
  • Their omissions can cost you dearly in the long and short term.

Never lose sight of the fact that when you go to sell, the problems are yours to fix or lose money in a resale!

Important:

Inspectors referred to by agents and used by sellers are not likely to receive future referrals (their constant source of  income) if they supply a report that could potentially cost a property sale!  

 For independent Building Inspections Brisbane in all suburbs, Qld Home Buyers Inspection Service. qbis.com.au