hOME BUYER REPORT
A HomeBuyer Report (or HomeBuyer Survey) is a survey to find and document any problems in a property that could cause damage and need future repairs, such as damp or subsidence. A HomeBuyer Report is carried out on homes that are in a reasonable condition and only checks for easily visible problems.
The HomeBuyer Report will not detail every single aspect of the building, but it can reveal issues that might impact the value of the property and need further investigation.
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Why do I need a HomeBuyer Report?
A HomeBuyer Report may seem like another expense, but the benefits are that:
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It will give you peace of mind, either that there are no visible problems or, if there are, that you're aware of them from the start
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It can allow for the reopening of negotiations with the seller on the price
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You could agree with the seller that they complete any repairs before you move in
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You may wish to rethink your purchase of that property
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You can budget for any repairs that need to be carried out