Question by Pennylane: Anyone participated in an house auction?
In Australia, there is no cooling off period in an auction for a home, but when do you get a chance to do a building or pest inspection or back out if there is something wrong with the place? Do you do it before the auction? What is the buying process for an auction?
Answer by Ranger4402:
I don’t know about Australia. But in America if you buy a home at auction then you usually don’t get to complete any inspections. You buy it As Is. You also have to have cash on the barrel when you close. So you have to have your financing in order and ready to roll if you are the highest bidder.
If you are allowed to do an inspection before the auction and you find problems with the dwelling that you don’t want then you don’t have to bid.
Question by Krizza K: How much does a building and pest inspection cost? ?
I am buying a house, and I need to arrange a building and pest inspection to take place, but I am wondering (on average) how much it costs to get one? Should i go for a company that does both inspections, or should i book 2 independent companies – one for building, then one for pest?
I live in Queensland, Australia.
Thanks for your help in advance
Answer by Mom of 2 great boys:
Here in the United States, it is better to have two separate companies to do your inspection. One for the structure of the home and the other on pests.
This is because each company has their own specialty.