EP 267: Can You Rely On Your Due Diligence Reports?

Most people know they have to do the most basic due diligence when buying a property.

But how do you know if you can rely on these reports? Are there industry standards that must be adhered to? Do inspectors need to be appropriately qualified and licensed? 

Are these due diligence reports truly comprehensive and highlight any potential issues?

Michael Ferrier, Founder and MD of EYEON Property Inspections, joined us with our hosts, Veronica Morgan and Chris Bates. We dive deep into these topics and more today. So tune in while we pull back the curtain on property due diligence reporting and what you need to look out for when buying your next property.

See you in the episode!

Episode Highlights:

1. Welcome [0:00]

2. How are things changing at the two levels of the market? [2:07]

3. Ensuring you’ve got the consistency of information. [7:40]

4. The importance of follow-up support in the inspection process. [11:56]

5. When an agent is on the front foot about a crime [17:32]

6. Preventing a strata manager from withholding information from the inspection report [22:47]

7. What’s the biggest issue in New South Wales? [28:06]

8. Putting yourself in a buyer’s shoes [33:41]

9. Requirements for building and pest reports [37:41]

10. Average downloads of a building inspection report [43:11]

11. The importance of having a building and pest inspection document. [50:12]

12. What happens when a client has two wrong strata experiences? [56:07]

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au

• Work with Veronica: www.veronicamorgan.com.au

• Looking for a Mortgage Broker? www.wealthful.com.au

• Work with Chris: hello@wealthful.com.au 

• Send in your questions to: questions@theelephantintheroom.com.au 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!