by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate
What if a potential purchaser smells fresh paint during an inspection? And what if this leads a purchaser to suspect that something dodgy is going on? Some people may actually investigate further to find out what was repaired, and how well it was repaired. Stockdale & Leggo have a tip that could save embarrassment.
Here’s the advice offered by Stockdale & Leggo:
“Your potential buyer may suspect that you are covering up a problem by painting over it. Most importantly appraisers are taught to be suspicious and investigate if they smell fresh paint.”It seems that if a potential purchaser does smell the fresh paint and suspect a cover up, you can cover up the smell of the fresh paint. Here’s how:
“A seller’s secret is to use water based latex paint and mix in 2 drops of real vanilla extract with each litre. With most paint brands, this will neutralize 90% of the paint smell.”We asked Stockdale & Leggo if this advice could be seen as encouraging vendors to be sneaky or deceptive.