FAQs

The building inspection report identified defects. Now what?

The contract may contain a clause or annexure that:

  • gives the buyer the right to terminate the contract if certain defects are found;
  • requires the seller to give the buyer compensation for defects; or
  • requires the seller to repaid certain defects.

It is important to look at your own contract to determine your rights.

If you have concerns about your rights and obligations relating to building reports, we recommend that you seek legal advice. Strict time limits may apply, so seek advice as soon as you identify a potential issue.

More FAQs
FAQ
Transfer duty (formerly known as stamp duty) is a State Government tax payable by buyers of real estate calculated on the value of the property. You……
FAQ
If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether GST is applicable to……
FAQ
If you are the buyer… Congratulations! Contact the real estate agent to collect the keys. If the seller lived in the property, you can……

Our plain-English guide Buy your dream home without the drama has practical advice to help you complete the purchase of your new home.