How Could This Homeownership Tragedy Have Been Averted?

Imagine buying your first home, doing everything right to avoid
mistakes, and then finding out it's so termite-infested with
LIVE termites it needs to be
demolished. This is indeed a
nightmare, but could this have been avoided?


In this episode, we dive into the tragic story of a young couple
who faced this exact situation, and we discuss the steps you can
take to prevent such a disaster.


So, in the story, this particular couple hired a building and
pest inspector, but still ended up with a house that had to be
demolished due to severe termite damage.


Today, we explain the role of a building and pest inspector, the
importance of thermal imaging technology, and why it’s crucial to
insist on seeing evidence from these inspections. We also talk
about the variations in seller disclosure laws across different
states and why you can’t always rely on sellers or agents to
disclose everything.


Join us to learn the preventative measures and expert tips that
can save you from a similar fate. Stay tuned and let’s explore
together!


Episode Highlights:


00:00 - Introduction


02:24 - What termite damage looks like in the rafters of a roof


03:13 - The story of the couple who bought a two-storey home
riddled with LIVE termites


07:27 - The importance of a building inspector in property
purchases


09:51 - Reasons why the purchase pushed through despite awareness
of property damage


15:10 - Dealing with vendor disclosure in areas where the
disclosure requirements are limited 


17:01 - Some tips on finding a reliable building inspector


19:45 - What are the risks of performing due diligence after
signing a contract in Queensland?


21:42 - How will Queensland's new vendor disclosure laws impact
property sellers?


23:28 - Lessons to learn from a real-life case of undisclosed
termite damage


Resources mentioned in this episode:


Gold Coast family say seller disclosure laws could have
stopped them buying termite-damaged home
https://www.abc.net.au/news/2024-04-06/gold-coast-family-termite-damaged-home-qld-new-property-laws/103638508



Resources:



FREE MINI COURSE: How to price property like a
professional https://www.homebuyeracademy.com.au/freecourse

Meet our recommended mortgage brokers at Home Buyer Academy
https://homebuyeracademy.com.au/brokers

Visit our website https://www.homebuyeracademy.com.au/

Join our Facebook Group to get access to free monthly live
Q&A sessions


https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia

Learn how to buy property without making a mistake with our
ultimate 10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

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https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



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