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.

Follow Us Online Here: 

Subscribe To Our Podcast, The Pumped On Property Show, Here: 

DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.