Buying property, residential or commercial, has to be among the most significant investments you will ever make. A successful conveyancing process will ensure that you obtain the legal title of the property.

Conveyancing is a multi-step process, and it will serve you best to ensure that you don't skip any the steps, as each step is as important as the next.  Conducting pre-purchase inspections and searches is one such a crucial stage in the conveyance process that you cannot afford to make a mess of or skip altogether.

Why Spend On Inspections

Failing to have all the necessary inspections done during the conveyancing process will cost you in the long run. Here are two reasons why you should make inspections an absolute must on your pre-purchase plan

1.    Inspections may reveal issues that you may consider a deal breaker. Failure to do the inspections will lead you to make a purchase that you will not be happy with down the road when said issues become apparent. Unfortunately, it will be too little too late for you, and no amount of buyer's remorse will be able to change the situation.

2.    The inspections reports will highlight what needs to be taken off in terms of repairs. You can obtain estimates for how much it may cost to get these repairs done and, based on these estimates, negotiate a better price if you choose to take care of the repairs. Alternatively, you can agree to have the seller take care of the repairs before signing the contract to avoid the hefty costs of repairs later on when the property is legally in your name.

In the face of such consequences, here is a rundown of the conveyancing inspections you have to conduct before signing the purchase agreement

Building Inspections

Before signing the contract, you should commission a building inspection to assess the state and condition of the property. The focus of building inspections is not on the state of the building as caused by the natural wear and tear.

A comprehensive inspection will investigate any defects in both the interior and exterior of the building as well as the roof space.

Pest Inspections

During the inspections stage of the conveyancing process, you will need to bring in a pest control expert to conduct pest inspections. Termites are among the primary culprits to look out for because a termite infestation can cause serious damage to the foundation, as well as other parts of the building, undermining its structural integrity.  

For more information, contact a local conveyancing firm like Johnson & Sendall.