GENERAL INFORMATION:
The information provided in the property description, prospectus, and other informational material is mainly based on information provided by the seller. Some essential information is also obtained from the land registry. These details are only verified by the real estate agent if circumstances warrant it. Buyers/prospectors are encouraged to verify this information as well as other factors that are significant for the purchase of the property.
THE BUYER'S DUTY TO INSPECT, ETC:
Starting point for the allocation of responsibilities:
According to the Land Code, the property should correspond to what has been agreed upon between the parties and not deviate from what the buyer could reasonably expect at the time of purchase. Additionally, it is required to be purchased in the condition it is in on the contract date and the buyer, to secure themselves, should conduct a thorough inspection of the property. The seller cannot be held responsible for defects or damages that the buyer could have discovered or anticipated due to the age and condition of the property. However, the seller is responsible for hidden defects, meaning defects in the property that the buyer could not have discovered, regardless of whether the seller was aware of the defects or not. The seller's liability for hidden defects in the property lasts for 10 years.
The buyer's duty to inspect:
The buyer must inspect the property thoroughly, examining all its parts and functions. If possible, the buyer should also inspect attic spaces, crawl spaces, and other difficult-to-access areas. Special attention should be given to moisture damage (especially in the basement and attic), rot damage, damage to water and sewage systems, cracks in the facade and foundation walls, and chimney stacks.
If the buyer discovers defects or symptoms of defects during their inspection or if the property is in a condition that raises suspicions of defects, the buyer's duty to inspect is increased.
The information provided by the seller also affects the extent of the duty to inspect. For example, if the seller informs the buyer about a suspected defect, this can serve as a warning signal that should prompt a more in-depth inspection by the buyer. However, the buyer is not required to inspect parts of the property for which the seller has provided explicit assurances or warranties, provided that these assurances are not too general.
The buyer should also consider that the seller is not responsible for defects and deficiencies that the buyer should have anticipated due to the age, price, condition, and use of the property. Therefore, the buyer should tailor their inspection accordingly. If the purchase involves a used house, the buyer must consider that certain parts and functions may have been subject to wear and tear and may need to be replaced or renovated due to age.
Engaging a building inspector:
The Land Code assumes that the buyer should be able to fulfill their basic inspection duty on their own. However, most buyers choose to engage a building inspector or other expert, which is recommended if the buyer does not have specific building technical knowledge. The same applies if the buyer initially inspects the property themselves and discovers symptoms of defects that are difficult to assess. As mentioned above, the buyer must inspect the property thoroughly, examining all its parts and functions. Therefore, if the buyer engages an expert, it is important to pay attention to the scope of the inspection. Typically, such inspections do not cover certain parts of the property such as electrical installations, water and sewage systems, chimneys, etc., so the buyer should consider supplementing their inspection.
As a rule, the inspection that the buyer conducts or commissions should take place before the purchase, i.e., before the purchase contract is signed by the parties. However, it is possible for the parties to agree in the contract that the buyer will have the oppo
2,658.68 Sq Ft
Villa
MLS/Listing ID OBJ30208-2105552214
Listing Courtesy of KNIGHT FRANK
Source of Data: KNIGHT FRANK