Unlike the vast majority of vendors, some engage in very dodgy conduct when selling properties. By taking a few simple steps when inspecting a property buyers can protect themselves and their potential investment against the dodgy vendor. A common tactic some vendors use after the contract is signed is to swap fixtures in a property with cheaper inferior items and in some cases totally remove items. Examples of items swapped and replaced with cheaper inferior items include:
- Stoves
- Range hoods
- Dishwashers
- Blinds
- Curtains
- Light Fittings
- Wood heater and gas log fire units
- Taps
- Shower heads
- Sinks
- Toilets
- Vanity Units
- Baths, especially antique style baths
- Lead light and stained glass
- Gates especially wrought-iron
- Spas
- Pool cleaners
- Pool Covers
- Security Systems
- Aerials
- Satellite Dish
What can you as a purchaser do to protect yourself?
- When buying a property, prepare an inventory of all items that you expect to see in the property the day of settlement. If buying a property at an auction, this inventory must be agreed to in writing by the vendor prior to the auction commencing.
- Include this inventory in the contract at the time of signing and a special condition stating that the contract is conditional upon all the items being present and in working order at the time of settlement. By doing this, you will be entitled to delay the contract settlement where items have been removed. Again, if buying at auction, the vendor will need to agree to the inclusion of such term prior to the auction commencing.
- Take a photograph of the items as you move around the property at the time of inspection, ensuring where possible that brand names are visible. These photographs can be used as evidence in the event of any dispute arising.
A vendor may intend taking some items with them at settlement. To avoid any doubt, both the vendor and purchaser should clarify what is and isn’t remaining at the property. This will avoid possible litigation and stress in finalising what is a major financial transaction for both parties.