Be it LiM reports, Building Inspection, or whatever...

"The buyers had taken a risk in not obtaining their own building inspection report, not asking questions of the man who wrote the report that DeMarco offered, and making an unconditional offer, the judge said."

https://www.stuff.co.nz/dominion-post/business/residential-p
roperty/123450777/fraudster-loses-civil-case-over-house-sale
-misrepresentations

tony9 - 2020-11-20 16:27:00

Yep, always said you cannot rely on Vendor or Agent supplied documents, do your own DD.

jeffqv - 2020-11-20 17:12:00

tony9 wrote:

Be it LiM reports, Building Inspection, or whatever...

"The buyers had taken a risk in not obtaining their own building inspection report, not asking questions of the man who wrote the report that DeMarco offered, and making an unconditional offer, the judge said."

https://www.stuff.co.nz/dominion-post/business/residential-p
roperty/123450777/fraudster-loses-civil-case-over-house-sale
-misrepresentations

think you have missed the point of the judgment want to read it again.

gabbysnana - 2020-11-20 18:06:00

jeffqv wrote:

Yep, always said you cannot rely on Vendor or Agent supplied documents, do your own DD.

but thats not what the judgement says does it.

gabbysnana - 2020-11-20 18:07:00

gabbysnana wrote:

think you have missed the point of the judgment want to read it again.

No, I read and understood it all.

The buyers did not do proper due diligence and made a bad choice.
It just happens that in this case the buyers were very fortunate and were able to prove fraud. Other cases have not been so lucky.

tony9 - 2020-11-20 18:19:00

gabbysnana wrote:

but thats not what the judgement says does it.

Ahhh, what it said "The buyers had taken a risk in not obtaining their own building inspection report, not asking questions of the man who wrote the report that DeMarco offered, and making an unconditional offer, the judge said."

tony9 - 2020-11-20 18:21:00

There was this one recently too.

https://www.stuff.co.nz/business/123316796/buyer-second-opin
ion-on-building-report-may-have-saved-me-100000

You'd have to be a mug to rely on vendor arranged building reports.

rhys12 - 2020-11-21 04:48:00

I have a builder friend who says that most intelligent people can do their own building checks by just walking around and observing closely.
He says that unless builders take off wallboards etc they don’t have any idea what’s going on behind the scenes.
Look and smell for damp etc.There are checklists you can find online.

bottynoodle - 2020-11-21 07:00:00

bottynoodle wrote:

I have a builder friend who says that most intelligent people can do their own building checks by just walking around and observing closely.
He says that unless builders take off wallboards etc they don’t have any idea what’s going on behind the scenes.
Look and smell for damp etc.There are checklists you can find online.

Intelligent people do incredibly stupid things all the time.

johnston - 2020-11-21 07:38:00

gabbysnana wrote:

think you have missed the point of the judgment want to read it again.

It's you that has missed the point and the evidence.

johnston - 2020-11-21 07:39:00

jeffqv wrote:

Yep, always said you cannot rely on Vendor or Agent supplied documents, do your own DD.

Just what you and I and sparky have been saying for years.

johnston - 2020-11-21 07:40:00

bottynoodle wrote:

I have a builder friend who says that most intelligent people can do their own building checks by just walking around and observing closely.
He says that unless builders take off wallboards etc they don’t have any idea what’s going on behind the scenes.
Look and smell for damp etc.There are checklists you can find online.

But why? To save the relatively small cost for a good report?

I use a company who check the floors are level, check rooms with a moisture meter, go under the house and into the ceiling. They take photos of issues I wouldn't have seen, eg with piles or guttering. I end up knowing if there are cracked purlins or damaged flashing.

At the least it's another pair of more objective eyes, and they could potentially save you a fortune. If everything is fine, you get a list of small maintenance jobs to do, mine detailed sticky window catches, a broken power point and a leak in the guttering. I was able to get a few small things taken care of when tradies were at the house doing the big renovation work.

melagray - 2020-11-21 08:34:00

bottynoodle wrote:

I have a builder friend who says that most intelligent people can do their own building checks by just walking around and observing closely.
He says that unless builders take off wallboards etc they don’t have any idea what’s going on behind the scenes.
Look and smell for damp etc.There are checklists you can find online.

thats the most ridiculous thing I’ve read all year, with the exception of Rudy Colludy’s press conference.

sparkychap - 2020-11-21 08:55:00

johnston wrote:

Intelligent people do incredibly stupid things all the time.

Supposedly intelligent or formerly intelligent.

When spending $1,2000, 000, a bit extra for independent checks is negligible.

amasser - 2020-11-21 09:18:00

bottynoodle wrote:

I have a builder friend who says that most intelligent people can do their own building checks by just walking around and observing closely.
He says that unless builders take off wallboards etc they don’t have any idea what’s going on behind the scenes.
Look and smell for damp etc.There are checklists you can find online.

Your builder friendly is a builder not a building inspector. Intelligent people should be able to differentiate.

johnston - 2020-11-21 09:23:00

"Intelligent" is an irrelevant term in this instance. I have a very good friend who is incredibly intelligent, like literally a rocket scientist, but would she be able to inspect a building and determine it's structural integrity - absolutely not (and i'm not being mean here, she would readily agree). I know everyone here is brilliant and is much better than the average idiot in the street, but we can't all be experts in everything.

jonners2013 - 2020-11-23 21:50:00