Risknet® Floor Level Surveys and Post-Quake reports aim to mitigate buyers risks in the property market.
The Postquake property market is in turmoil, with many property sales failing due to suspect data. 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.
Instilling confidence in the property sector
Conducting sound due diligence is not relying solely on your lawyer to do things they actually don’t. We work with lawyers on your behalf and in many instances advise our clients to walk away from a purchase before an agreement is even signed. We are client centric therefore we work with you to stage our services to suit the best outcome. Services we offer include; Earthquake specific evaluations, Floor Level Surveys, Building Inspections, 2nd-Opinion Consultation, Specialised reports and more.
For as little as $340 we may suggest the house you have fallen in love, due t historical damage, may not be the right one for you.. Before you sign an agreement and incur signficant legal and other costs.
- Sellers usually don’t know, make assumptions or worse may deliberetly mislead you
- 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 us on 022 609 6026
Read more on local property challenge as highlighted in the media
Links: Renovated Property
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