When you are buying a home it makes sense to get it checked out by a building inspector, but that can end up costing you quite a lot and that is where CheckedOut can help.
CheckedOut act as an intermediary service, providing an independent verification process over building inspection reports, providing buyers with an assurance the information they are reading is impartial and trustworthy.
They are not building inspectors, but they offer a platform where people can order, share and access building reports.
It’s a smart option for first home buyers in particular.
What CheckedOut Do To Help Buyers
CheckedOut is modeled on the circular economy, providing a platform where a single building report can be shared for the benefit of all interested parties – without bias, creating a level playing field.
They are not building inspectors, but they offer a platform where people can:
- Order building reports – both buyers and sellers can order building reports and then upload them to CheckedOut where other people can then purchase the reports. As the person that has paid and uploaded the report you can receive money back from it’s resale.
- Share building reports – instead of multiple people buying a building report for the same house, and paying full price, you may find that someone has already provided the report to CheckedOut so you can purchase a copy at a fraction of the price.
This is a great way for sellers to get more potential buyers too.
Buyers know that they should have a builders report on any home they are serious about buying, but many do not want to be paying thousands of dollars buying reports for houses that they may never buy. The ability to access these reports at a fraction of the costs appeals, but it also means that potential buyers are not having delays while waiting for a report either.
This is such a great service for homebuyers and we assume real estate agents will be recommending this to the vendors!
