How To Negotiate A Price Reduction Using A Building & Pest Report

2 года назад

1,294 Просмотров

In 2011 I bought a property for $235,000 on the Central Coast of NSW.
After buying the property I ordered a B&P report which identified a range of issues with the property.

The report scared the shit out of me so I called the B&P inspector and my solicitor and realised I had a choice to make.
1. Terminate the property safety using the building and pest clause in my contract.
2. Ask for a price reduction. I decided to ask for a $22,000 price reduction which was immediately accepted by the seller.

This experience taught me a very valuable lesson that I have used hundreds of times for myself and my clients since.

Like what you've watched so far?
Why not book a one-on-one Strategy Session with us here:
https://pumpedonproperty.com/strategysession/

WHAT CAN YOU EXPECT FROM YOUR STRATEGY SESSION?
By the end of your session you’ll have identified:
1. Where you are right now in terms of your property investing goals.
2. Where you want to be by the time you retire.
3. The roadblocks currently holding you back from achieving your goals and how to address them.
4. Your next action steps.

Follow Us Online Here:
Website: https://www.pumpedonproperty.com
Facebook: https://www.facebook.com/pumpedonproperty/
Instagram: https://www.instagram.com/pumpedonproperty/?hl=en
Soundcloud: https://soundcloud.com/pumpedonproperty

Subscribe to our podcast, The Pumped On Property Show, Here:
iTunes: https://podcasts.apple.com/au/podcast/the-pumped-on-property-show/id1437967098
Spotify: https://open.spotify.com/show/3mtJ85ZpGHgxo6GAxyA1Xc

DISCLAIMER No Legal, Financial & Taxation Advice
The Listener acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listeners’ personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener;
• The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant;
• The information may not be suitable or applicable to the Listener’s individual circumstances;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener.

Тэги: