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Reservation for building inspection

Navigating the excitement of buying your first home can be daunting, especially when considering the potential pitfalls of hidden defects and unexpected repair costs. Including a building inspection clause in your offer not only safeguards your investment but also provides peace of mind, allowing you to negotiate confidently or back out if necessary—a crucial strategy for avoiding financial surprises and ensuring your dream home doesn't become a costly nightmare.

Make an offer subject to a building inspection!

Buying your first home is exciting. You've probably already been to a few viewings and finally found your dream home . Before you make an opening offer, there are a few things to consider. The house may have defects. The severity of these defects can be determined through a building inspection.

A building inspection can save you a lot of money now and in the future. While you're welcome to submit an offer, we recommend doing so subject to a building inspection. It's a precautionary measure that can help you reduce risk. Use the period between bidding and finalizing the purchase to schedule an appointment with a building inspector. We'll assist you quickly and professionally. We operate nationwide, from Groningen to North Brabant and from North Holland to Overijssel. Feel free to contact us or place an order today.

Purchase agreement subject to building inspection

Sometimes price negotiations move very quickly , especially if the house you're buying has multiple potential buyers. So, there are potential buyers out there. You can then sign a purchase agreement with a resolutive clause. This clause allows you to cancel the purchase even after a building inspection. It's important to formulate this resolutive clause clearly to avoid misunderstandings. A notary can assist you with this, because when you're buying your first home, you can't be too careful. Bidding on a house with a building inspection is highly recommended!

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Possibilities

If the house you're considering buying has been on the market for some time, you might also decide to have a building inspection carried out before submitting an offer. The findings from the inspection report will provide you with valuable input for price negotiations. However, before commissioning us to carry out a building inspection, be sure to ask the seller for permission first. After all, they own the house. Without the seller's consent, the inspection cannot take place.

  • You are purchasing a house and would like to have a building inspection or a technical building inspection carried out.
  • It's common practice to include a maximum amount in the resolutive clause that you're willing to incur as direct costs. If the direct costs exceed the amount stated in the resolutive clause, the purchase may be terminated.

Reservation for building inspection

A building inspection provides a good and reliable picture of the property's structural condition. Any deferred maintenance and/or defects are identified, along with the associated repair costs. When you make an offer on a property, you can indicate that you want a building inspection subject to approval. This means you first have a building inspection performed and then make a final decision based on the inspection. Sometimes a specific amount is also agreed upon, which could be a reason to withdraw from the purchase. For example, it might be agreed that if the direct costs exceed €10,000, the purchase will not go through. This conditional offer provides legal certainty if it turns out the costs will be too high.

Are you looking for a company that can handle a building inspection for you? Then you've come to the right place. Thanks to our extensive national network in Utrecht, Zeeland, South Holland, and Limburg, we can always assist you.

Step-by-step plan for an offer subject to a building inspection:

  1. Orientation and home viewing
    Assess the property and be well-informed about its condition and any defects. Ask the seller if a recent building inspection report is available.
  2. Submit a bid with reservation
    Make an offer that explicitly states that the purchase is subject to a building inspection. Set a clear boundary, for example: "The purchase will only go ahead if the building inspection shows that the repair costs will not exceed €5,000."
  3. Agreement and recording in purchase contract
    If the seller accepts the offer, it will be recorded in the preliminary purchase agreement. Check whether the building inspection reservation is correctly included and within what timeframe the inspection must take place.
  4. Have a building inspection carried out
    Schedule a building inspection as soon as possible. The inspector will assess the property and prepare a report outlining the structural condition and expected repair costs.
  5. Evaluate report and make decision

    Analyze the findings. If the repair costs remain within the agreed-upon limit, you can finalize the purchase. If the costs are higher, you can:

    • Negotiate a lower price.
    • Ask the seller to repair certain defects.
    • Cancel the purchase if the costs are too high.
  • Final decision
    If the inspection results are acceptable, you can cancel the reservation and the purchase becomes final. If you cancel the purchase within the specified timeframe and conditions, you can cancel the purchase without any financial consequences.

Example:

The buyer purchased a house built in 1958. In their financial calculations, they included a budget of €20,000 to structurally renovate the house. They opted to place an offer without a building inspection being required. After a few months, the transfer took place, and the buyer began the renovations. Unfortunately, it soon became apparent that the floor was completely rotten and needed to be replaced. This resulted in an additional cost of €10,000, which the buyer hadn't anticipated. This was a huge setback, and it prevented them from doing other things they had budgeted for.

If the buyer had offered subject to a building inspection, this wouldn't have happened. The report would have included a cost for repairing the floor. Based on this report, the buyer could have withdrawn from the purchase or started new negotiations. Bidding without a condition truly carries significant risks!

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Reservation for building inspection

Subject to building inspection, this means that after the building inspection and receipt of the report, you can renegotiate your purchase price or even cancel the sale. Of course, only if the report outweighs the conditions precedent.

Frequently Asked Questions

What happens if defects are found?

No home is without defects. If we discover any unexpected or costly defects, we will explain them verbally on-site. The building inspection report will include a cost estimate for structural repairs.

Can I buy a house without a building inspection reservation?

Yes, you can buy a house without a building inspection condition, but this carries risks. Without this condition, you are obligated to buy the property after signing the purchase contract, regardless of any hidden defects or high repair costs that may come to light later. A building inspection is highly recommended, especially for older homes or if there are doubts about the structural condition. If you want certainty and avoid unexpected costs, it's wise to always include this condition in the purchase contract.

How long does a building inspection reservation take?

The inspection itself takes about 1.5 hours. Within 24 hours of the inspection, you'll receive a comprehensive report with an estimate of the costs. This report will help you make a decision! Consult with the selling agent to determine when this should happen.

Why is a building inspection reservation important?

A technical inspection reservation is essential for preventing financial and construction risks when purchasing a home. This allows you to cancel or renegotiate the purchase if the inspection reveals hidden defects or if repair costs are higher than expected. This prevents unexpected expenses and gives you certainty about the property's condition, allowing you to make a well-informed decision.

What is a building inspection reservation?

A technical inspection reservation is a condition precedent in the purchase contract, allowing you to cancel the purchase if the inspection reveals serious defects or high repair costs. This gives you security and prevents unexpected financial setbacks after the purchase. By including this reservation, you only buy if the property is in acceptable condition.

Would you like to make an appointment for a building inspection?

The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!

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