In the realm of real estate transactions in Perth, Western Australia, the question often arises: Is a final inspection before settlement really necessary?
Whether you're a first-time homebuyer or a seasoned property investor, here's why you should prioritise conducting a thorough pre-settlement inspection.
Confirming Contract Compliance: Pre-settlement inspections provide buyers with a valuable opportunity to ensure that everything stipulated in the Contract of Sale (Offer & Acceptance) is indeed present. It's not uncommon for sellers to inadvertently overlook items they agreed to include, such as bedroom curtains or essential pool maintenance equipment.
Quality Assurance: If you've requested specific repairs or fixes, the pre-settlement inspection allows you to verify that these have been satisfactorily completed. This is also the time to double-check for any issues that may have gone unnoticed earlier in the process. If you uncover new problems, ensure they are documented and get a commitment from the seller to address them before settlement.
Proactive Problem Solving: Identifying and addressing issues before settlement is critical. Attempting to rectify issues on the day of settlement or after moving in can be a challenging and time-consuming process. It's far more efficient to catch potential problems during the pre-settlement inspection and have them resolved beforehand.
So, what should you focus on during your pre-settlement inspection? Using the sales contract as your checklist, ensure that all items listed are in place. This can encompass everything from appliances and built-in furniture to window coverings, carpets, dishwashers, and pool equipment.
Furthermore, pre-settlement inspections offer you the opportunity to familiarise yourself with the property. Take the time to test and ensure the proper functioning of essential systems such as air-conditioning and reticulation. Here's a checklist of things to cover:
Test the oven and stove.
Check all indoor and outdoor taps.
Flush the toilets.
Run the air conditioning and heating systems.
Verify the security system and operation of remote-controlled gates and doors.
Examine the reticulation system.
Additionally, make sure you understand how to operate and maintain the pool pump and filter. Locate remote controls for any devices and note the positions of fixed controls. Familiarise yourself with the meter box's location and check for Residual Current Devices (RCDs) and smoke alarms.
While pre-settlement inspections may require time and effort, their benefits far outweigh the inconveniences. If you're unable to conduct the inspection yourself, consider enlisting the help of a trusted friend or family member, or request that the Real Estate Agent provide detailed instructions for all appliances.
Ensuring a smooth and issue-free settlement process is a wise investment in your new Perth property.
As a Perth-based Settlement Agent, Adaptive Settlements can help with your Perth property purchase, the final inspection and all the requirements for a successful settlement. Contact Adaptive Settlements today and let us help you achieve your real estate goals.
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