How To Negotiate A Price Reduction Using A Building & Pest Report


In 2011 I bought a property for $235,000 on the Central Coast of NSW. After buying the property I ordered a B&P report which identified a range of issues with the property.

The report scared the shit out of me so I called the B&P inspector and my solicitor and realised I had a choice to make.

1. Terminate the property safety using the building and pest clause in my contract.

2. Ask for a price reduction. I decided to ask for a $22,000 price reduction which was immediately accepted by the seller.

This experience taught me a very valuable lesson that I have used hundreds of times for myself and my clients since.


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About

Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.

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