Strata Inspection Reports crucial when buying property
Ray Ellis, network CEO of First National Real Estate said a Strata Inspection Report can be critically important in the process of due diligence when buying a property.
“Such reports reveal all manner of material facts about the building you are considering,” Mr Ellis said.
“Buyers can expect to see minutes of Owners’ Corporation meetings, where disputes between neighbours are likely to be discussed, as well as other concerns like building defects, drainage problems or upcoming special levies.”