PHOTO: Particularly nasty neighbours could cause a major headache when buying or selling a home. Picture: iStock
There are a lot of things that need to be considered when purchasing a home, but there is one crucial detail that is often overlooked – and it can cause major headaches later on.
House prices, increasing mortgage rates and the structural integrity of a property are often at the top of the list for those considering a property purchase.
But, a recent Supreme Court ruling in Western Australia has proven other factors – like your new neighbours – can completely derail a house sale, making it something both buyers and sellers need to be aware of.
The ruling, handed down at the end of May this year, saw the sale of a $390,000 apartment in Perth disintegrate after the sellers failed to disclose the presence of a particularly nasty and belligerent neighbour.
The buyer successfully sued the vendor for breach of contract and fraudulent misrepresentation of the property after the sellers signed a contract claiming: “The seller does not know of anything which will materially affect the buyer’s use or enjoyment of the strata lot or of the common property comprised in the strata scheme.”
The buyer contended that, in fact, the sellers were well aware of the continued aggressive behaviour of the upstairs neighbour, as it had reportedly driven residents out of the unit previously.
READ MORE VIA NEWS.COM.AU
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