Home inspections are still a relatively new concept in South Africa, however they are becoming increasingly popular in an attempt to curb unpleasant surprises for all of the parties concerned in the purchase of a property.
Usually, a property inspector is called immediately after the signing of the contract or purchase agreement. Make sure that there is an inspection clause in the sales contract before signing, and make your final purchase obligation dependent on the findings of a professional property inspector. The clause should state the terms and conditions that the buyer and seller are obligated to.
The next question is, should estate agents recommend to all buyers that they have a property inspection or should they only recommend an inspection if they suspect the property may have hidden problems?
Everyone views property deals from different perspectives and none of them are truly objective. A wise estate agent should insert a standard home inspection clause into their offer to purchase document in order to protect all of the parties involved. If the purchaser decides against a property inspection, the agent is protected as it was the buyer’s decision not to have the inspection. The property inspection protects estate agents and is in the best interests of all parties.
When buyers understand the implications of the voetstoots clause and the wisdom of paying for a home inspection fairness and integrity rule.
By Karen Lancaster
Usually, a property inspector is called immediately after the signing of the contract or purchase agreement. Make sure that there is an inspection clause in the sales contract before signing, and make your final purchase obligation dependent on the findings of a professional property inspector. The clause should state the terms and conditions that the buyer and seller are obligated to.
The next question is, should estate agents recommend to all buyers that they have a property inspection or should they only recommend an inspection if they suspect the property may have hidden problems?
Everyone views property deals from different perspectives and none of them are truly objective. A wise estate agent should insert a standard home inspection clause into their offer to purchase document in order to protect all of the parties involved. If the purchaser decides against a property inspection, the agent is protected as it was the buyer’s decision not to have the inspection. The property inspection protects estate agents and is in the best interests of all parties.
When buyers understand the implications of the voetstoots clause and the wisdom of paying for a home inspection fairness and integrity rule.
By Karen Lancaster