Tag Archive: due diligence

Choose your building and pest inspector carefully

Posted on November 2, 2013 by | 1 Comment
All too often property investors are lead by the nose by the friendly real estate agent who recommends them to an inspector who, in the expectation of receiving further referrals from that agent, will look for a soft option or solution to any problem that arises. That inspector will not stand up on your behalf without fear or favour because of the risk of loosing future business from the agent. The last example I came across was...

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Two Tales of Estate Agents’ Wilful Silence

Posted on June 4, 2010 by | 0 Comments
OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   Agents might heed the Appeal Panel’s general warning to be “especially careful” that buyers are informed of material matters not discoverable through “undertaking usual enquiries,” and to be wary of not disclosing anything “particularly unusual” about a property. STORY ONE FROM QUEENSLAND: When Chris and Mary Carr went house‑hunting they noticed tradesmen working on one of the houses they inspected.  “The owners are still preparing the property...

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The Scandal of Stigma Homes – It’s time to set up a monitoring service.

Posted on May 3, 2007 by | 2 Comments
In the pretty Sydney suburb of Sylvania, there’s a cute little home for sale for $520,000, it seems well priced. If you turn up at the open-inspection, you’ll probably meet Rodney Spink of Sanders First National Real Estate. Like thousands of agents, Spink’s job is to maximise the positives and minimise the negatives of the homes he’s selling. For instance, the Formosa Street home is in a “great location”. That’s true, it’s right opposite the Bowling...

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