Whether you are looking at buying a strata title property or selling one, the strata inspection report will be your best friend when it comes to making the right decisions.
So what is a strata inspection report? A strata inspection report is a detailed review of a strata schemeβs records that reveals the financial health, by-laws, past or pending building issues, and any disputes within the scheme. It is created by a third party auditing the books and records of a strata scheme (most commonly held by the strata manager), collating a factual report that overviews the property, along with its common areas.
How does this help when buying? It will assist by uncovering hidden issuesβlike building defects, legal disputes, unpaid levies, or poor financial management. Equally, it can also demonstrate how well the building is run and the harmony that the owner’s corporation has when it comes to making decisions about the wellbeing of the property.
How will it assist with your sale? A strata inspection report can help when selling a property by identifying and addressing issues in advance, giving you the chance to resolve problems, build buyer trust, and speed up the sale with greater transparency and fewer surprises.
It is not a legal requirement for a vendor to provide a strata inspection report, however I will always recommend it to make sure the sale process is as smooth as possible. Often buyers and their legal representatives are satisfied with this report alone when it comes to their due diligence (along with the contract of sale), but not uncommon for a building report to still be completed depending on the nature of the strata property and/or any issues that may have been identified.
So when it comes to transacting on a strata title property, make sure to read itβs diary first!
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Amazing agent! . Luke is extremely professional and knowledgeable. He takes his work very seriously. We knew we were in good hands and could trust and rely upon him throughout the process to achieve a wonderful outcome for us selling our loved family property. We cannot recommend Luke enough!!
Luke is humble, kind and a skilled negotiator. We have found him to be a standout human in an industry that's not highly regarded. It can be difficult to know who to trust - we can trust Luke and Murdoch Property - he's not flashy & genuinely cares.
Highly recommended. Luke's approach to selling is friendly yet very professional, consistent, prompt and thorough in his communication. He made the process so much easier than we imagined and provided much needed support and advice that helped achieve the sale. His Newcastle market knowledge was outstanding and communicated in an easy to understand manner. Back office support from Diana was also greatly appreciated. I highly recommend Luke and his team to anyone seeking to sell their home.
Calm, Professional and Trustworthy from Start to Finish. Selling our property was a significant decision, and I am so grateful I had Luke Murdoch guiding me through the process. What I appreciated most about Luke was his calm and steady nature. No matter what was happening, he remained approachable, level-headed, and reassuring. He took the time to explain things clearly, answered my questions honestly, and never made me feel like I was a bother. Luke is incredibly knowledgeable, but what sets him apart is the way he combines that knowledge with genuine care for his clients. He was always accessible, kept me informed throughout the sale, and regularly went above and beyond what I expected from a real estate agent. Selling a home can be stressful, but Luke's professionalism, patience, and even temperament made the whole experience feel much easier. He's not only an excellent agent but also an all-round good guy who genuinely wants the best outcome for the people he works with. I wouldn't hesitate to recommend Luke to anyone looking to sell their property.
Luke was fantastic throughout the entire process of purchasing our home. His communication was excellent from start to finish, always keeping us informed and happy to answer any questions we had. He was honest, professional, and genuinely easy to deal with, which made the whole experience much less stressful. What stood out most was his integrity and straightforward approach. We always felt like we were getting honest advice, and he went above and beyond to ensure everything ran smoothly. I would highly recommend Luke to anyone looking to buy or sell a property. A great real estate agent and an all-round good bloke.
β5 STARSβ are just not enough β¦! We hadnβt sold or purchased a property in over 25 years - so the prospect of selling was daunting. From the start however, Luke made the process extremely streamline - explained the process, and what to expect. Luke has a very fine tuned selling process which saw our investment property - photographed, on the website and open houses within 2 weeks we had ample offers to make a decision after this short period - which was based On Luke following up all offers ensuring they had finance etc approved. We had a tenant who had just moved out of this property - and Luke was extremely patient and informative of his processing the sale of our property to the tenant. this ensured a very smooth transition to selling the property vacant.
Canβt recommend Luke enough his manner and professionalism filled me with confidence.. he made it a stress free sale
An easy experience from start to finish . Luke is straight forward, professional and a great communicator. His knowledge of the Newcastle market is extensive and good to to have when you are making big decisions. I bought and sold simultaneously with Luke and the process was smooth and hassle-free.