Guest chloew Posted March 10, 2008 Share Posted March 10, 2008 Just wondering.............. Does anybody know when you do the survey when buying a house through auctions? What would happen if you won the auction and then something came up in the survey? Thanks Chloe Link to comment Share on other sites More sharing options...
paulhug Posted March 17, 2008 Share Posted March 17, 2008 Hi Chloe If you are having a survey done then it must be done before the auction. If you do not have a survey and you are successful at the auction, once the hammer falls, it is a binding contract. If anything comes up in a subsequent survey....its tough, you have no comeback. Paul Just wondering.............. Does anybody know when you do the survey when buying a house through auctions? What would happen if you won the auction and then something came up in the survey? Thanks Chloe Link to comment Share on other sites More sharing options...
Bobcat Posted March 18, 2008 Share Posted March 18, 2008 Hi ChloeIf you are having a survey done then it must be done before the auction. If you do not have a survey and you are successful at the auction, once the hammer falls, it is a binding contract. If anything comes up in a subsequent survey....its tough, you have no comeback. Paul In the case of an auction run in WA the vendor should either supply a current timber pest certificate or allow prospective purchasers the opportunity to secure an inspection prior to the date of auction. Likewise; as Paul says prospective purchasers can ask for a structural building report to be done prior to the auction date. The vendor has an obligation to disclose any information which could affect the sale of the property. (Whether they do or not is another thing .................. which leads me to ask are these seller's disclosure statements worth the paper they are printed on?) Prior to auction taking place there is usually a 4 or 5 week lead up to the auction; ample time to get in and thoroughly inspect the ins and outs during home-opens. The 2002 Revised Joint Form of General Conditions will be incorporated into the auction............ thereby offering a comeback should there be problems with anything concerning plumbing, gas, or electrical plus swimming pool plant and equipment, and reticulation. Link to comment Share on other sites More sharing options...
Guest chloew Posted March 18, 2008 Share Posted March 18, 2008 Thanks for your help and answering my question! Link to comment Share on other sites More sharing options...
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