Mar 13 • 14:00 UTC 🇦🇺 Australia Guardian Australia

Toshi spent $3,000 on building inspections house hunting in Melbourne. Should sellers cover the cost?

A Melbourne homebuyer reflects on the high costs of building inspections and questions whether sellers should bear these expenses.

Toshi, a prospective homebuyer in Melbourne, has incurred over $3,000 in costs for building and pest inspections during her house hunting journey. Despite initially being surprised by the expenses, she acknowledges the value of these inspections in preventing costly mistakes. One notable inspection revealed structural damage in a property she was considering, underscoring the importance of due diligence in real estate transactions.

Her experience highlights a growing concern among homebuyers regarding the financial burdens they face during the purchasing process. As prices for inspections can range significantly, buyers like Toshi are questioning whether sellers should be responsible for these costs, especially when inspections can save buyers from making deals that would incur greater expenses down the line. This raises broader discussions about equity and fairness in the housing market.

As the housing market continues to be competitive and prices soar, the question of who should shoulder the costs of inspections remains relevant. With more buyers like Toshi expressing their concerns, there may be calls for policy changes or industry standards that favor prospective homeowners, potentially adjusting the dynamics between buyers and sellers in the market.

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