Risknet® Floor Level Surveys and Specialised reports aim to mitigate buyers risks in the property market.
The Canterbury property market is in turmoil, with many property sales failing during the due diligence process. Finance, Insurance and lack of buyer confidence in the quality of repairs are cited as the main reasons.
It is evident that properties built prior to 2010 are subject to a higher level of scrutiny.
Know the property: Instilling confidence in the property sector
Conducting proper due diligence is not relying solely on your lawyer to do things they actually don’t. We do what they don’t, including; Floor Level Surveys, Building Inspections, 2nd-Opinion Consultation, Specialised reports and more.
Risknet® Limited undertakes floor level surveys on behalf of both sellers and buyers in the Canterbury region.
Risknet® Floor surveys are Independent, Reliable and Affordable around $340-450.00
Knowledge: Is the house level?
- Sellers usually ‘don’t know, or make assumptions’
- Buyers ‘need to know, and will pay to know’.
Floor levels can provide a buyer with a snapshot of how a property has performed through the earthquakes. It has been widely reported that property assessments were of poor quality and many issues in regards to flooring and foundations were not reported correctly. The unknowns will expose buyers to future risks.
Sellers perceived with a higher level of trust
Vendors, who provide critical independent property information to purchasers, will ultimately benefit. Friends producing ‘friendly reports’ does nothing to instill confidence. The current behavior from some agents and sellers is despicable.
Where the floor level survey shows minimal deviation, the seller can promote the property with a high level of confidence.
- Where a report shows an area is in need of remedial work, then the vendor has many options that include;
- Employing a qualified builder to complete the works, prior to selling.
- State the known defects within documentation, which demonstrates a greater level of transparency.
Risknet® encourages you to protect your respective position by being armed with robust information supplied from independent sources like Risknet. Contact Risknet to discuss 022 609 6026
Read more on local property challenge as highlighted in the media
When a purchaser, through their own investigations, discovers a property has questionable repairs they undoubtedly question other vendor assurances as to the actual state of the property.
Real estate agents, know very well that when issues are found the selling price heads south or the buyers walk altogether.
Please do not hesitate to recommend our services to your clients.
Stuart Fletcher, 022 609 6026 or visit us online at www.risknet.co.nz