Archive for the ‘News’ Category


Changes to the Code of Conduct For Real Estate Agents May See Sellers Providing Building Inspections.

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“The Real Estate Agents Authority states The Professional Conduct and Client Care Practice Rules (the Code of Conduct) that set the minimum standards for New Zealand’s real estate agents are changing.”

05 April 2013 — 72 Victoria St,  Alicetown, Wellington, NZ.

It’s been three years since the current Code of Conduct came into effect and it’s time for it to be updated to better protect consumers and support a professional real estate industry.

 The new Code of Conduct comes into effect on 8 April 2013.

According to the blog of Grimshaw and Co, best known for representing clients with leaky homes and buildings, “The obligation for an agent to disclose hidden defects, when the property is built of materials which are, or may be, at risk of weathertightness defects has been amended to require the agent to obtain confirmation from the client in the form of an experts report that the property does not have defects or to inform the purchaser of the significant risk of the defects and recommend the purchaser seeks expert advice.”

John Brien owner of The HABiT Home & Building Inspections Team, one of the largest group of building inspection companies in New Zealand says “It make sense in a number of areas for Vendors to carry out a building inspection, whether the property is free from defects or not.

Vendors benefit by gaining knowledge of their property they may have overlooked that buyers will otherwise discover. This can strengthen vendors negotiating power if they’re better prepared. It can also clear the air between vendor and agent if there’s any doubt about defects.“

 John also adds “With clause 9 of the Sale & Purchase agreement being recently introduced, we’ve seen a significant increase in new inspections from buyers. I think buyers can benefit in this situation at auction time if they miss out on the property, as well as potentially reducing buying costs by not having to get an inspection done themselves.

Now that real estate agents are held to account over what they do and don’t say, it’s highly likely they’ll be suggesting the owner carries out an independent report to ensure there’s no confusion between parties.

Listed in the FAQ section of the new code at www.reaa.govt.nz was the explanation of why agents must ask vendors to prove there are no defects with the following statement. “A real estate professional who suspects that real estate may have a defect should not just take a client’s word that their land is not subject to a defect without some form of dependable information.”

For more information about building inspections contact The HABiT

 

Contact Name: John Brien

Address: 72 Victoria St, Lower Hutt, Wellington

Phone: 04 570 0014

Website: www.thehabit.co.nz


Building Inspections Wellington Golf Day Sponsorship Press Release

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Building Inspectors in Wellington Take Time Out After A Grueling Week For a Good Cause

Peter Duncan   March 07, 2013
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Building Inspections Wellington

‘’A busy building inspection company in Wellington – The HABiT – Told their staff this week to take time out after a grueling week in the real estate market. The company told their inspectors to play in a golf tournament and help raise money for child cancer.’’

(Newswire.net — March, Friday, 2013) Victoria St, Wellington, NZ

After a grueling week in the building inspection business in Wellington. The HABiT Franchise company in Wellington took time out to help sponsor the annual Professionals Child Cancer Foundation golf tournament at Te Marua Golf Course on Friday.

Every year The Professionals in Upper Hutt hold their annual fund raising event for the Child Cancer Foundation. It is a golf tournament that brings together local businesses and influential people around Wellington to help raise funds for children who suffer from cancer. It’s a popular event with some of the children who suffer from the disease and their parents turning up to tell stories about the effects on them and their family and friends.

The Cancer Foundation spends over $3 million every year directly supporting children and their families.

Matt Blundell from The HABiT Building inspections franchise in Wellington says ‘’It’s heartbreaking to know what really goes on behind closed doors and how truly stressful it is for the families. We love getting in behind this event and contributing in any way we can – just to help out! We’ve got a great relationship with the Professionals and we really enjoy this tournament, knowing it’s for a great cause.’’

Matt and two other inspectors, Paul Nixon and Jason Keeler from the HABiT, who sponsor the 13th hole of the tournament – took time out of their busy week to enjoy some of the good weather and fun put on in Wellington today.
He says ‘’We’ve had a grueling week this week completing 28 building inspections in Wellington in just four days. We’ve got 10 already booked up for next week and I know the phone’s going to ring off the hook on Monday after buyers have been busy looking at houses over the weekend. We’re normally booked out for the week by the time Tuesday rolls around. So it’s nice to end the week on relaxed note, knowing we’re not only helping buyers out, but children with disabilities as well.’’

With the ever increasing demand of building inspections The HABiT have just taken on a new inspector to cope with the steady bookings. The new Sale & Purchase Agreement has made a difference in just the awareness of how important it is to get a property inspection done before buying.

Clause 9 of the Sale & Purchase agreement has a condition in the contract for property inspections and since the section is outlined on the first page, home buyers are how important it is in light of the recent leaky homes crisis.

In 2009 PricewaterhouseCoopers estimated that between 22,000 and 89,000 homes were leaky and the total cost of fixing 42,000 homes was $11.3 billion.

The tournament organisers also hold an auction at the dinner to raise funds with items from local community charities, clubs and businesses.

For more information about Property Inspections  contact The HABiT

 Contact Name: Peter Duncan

Address: 72 Victoria St, Lower Hutt, Wellington
 
Phone: 04 570 0014

Website: www.thehabit.co.nz