Master the Art of Negotiation: Steps to Make an Offer Below Asking Price on a House

[@massimilianomarrazzo2392]

Good checklist, but I would never waive B&P, even for brand new houses. Nowadays, the quality of new buildings is lower than 10-20 years ago

[@MortgageBrokerAustralia]

Hi Massi. You're absolutely right. Waiving a building and pest (B&P) inspection is generally not advisable, even for newly built homes. Building and pest inspections are designed to uncover any potential issues with the property, such as structural defects, dampness, faulty wiring, plumbing issues, or pest infestations. While new buildings should ideally be in good condition, unfortunately, that is not always the case. Sometimes, new properties can have issues due to poor workmanship, sub-standard materials, or rushed construction. A B&P inspection can bring these issues to light before you finalize your purchase, potentially saving you a lot of money and hassle in the long run. Moreover, having a building inspection clause in your contract can provide you with an option to renegotiate or even withdraw your offer if significant issues are uncovered. So, it's generally best to include this in your due diligence process when buying a property.