API Blog :: Have your say!

May 24, 2010

Buyer beware! Should sellers have to provide mandatory building inspection reports to prospective purchasers?


Can flood-prone Queensland homes be sold without sellers or agents volunteering the soggy truth? Yes!

BY TIM O’DWYER

What if sellers don’t ‘fess up if there’s no record of council inspections? They can sell regardless!

What if a seller’s carport, garage or deck was built illegally? No selling worries!

What if a home is termite-riddled? Don’t tell!

And if sellers obtain a pre-sale building report showing heaps of problems? Don’t mention the report!

This is why “buyer beware” is the first unwritten rule of real estate in Queensland. Will it stay that way? Yes. Because Queensland’s government refuses to legally oblige home sellers to disclose material information to prospective buyers.

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