(Video first published in July 2021)Buying a home without a ​building report caused Aucklander Sean Choromanski a few sleepless nights. They were told the seller had already had three offers fall through, and during negotiations the couple were asked to remove a building report as a condition of purchase. BOINZ chief executive Nicholas Hill said real estate agents pressuring buyers to forgo their due diligence was becoming “a big issue”. Oneill Photographics/Supplied Nick Hill, chief executive of BOINZ, says there are significant risks involved in buying without a building report. Supplied Real Estate Institute chief executive Jen Baird says buyers should know what they are buying before making an offer.

Source: Stuff August 13, 2021 23:15 UTC