GLOSSARY · ADELAIDE

Vendor report

Plain English

A pre-sale building inspection report commissioned by the seller and provided to prospective buyers.

Some Adelaide sellers commission their own pre-sale inspection and provide the report to buyers. This is increasingly common in tight markets where sellers want to short-circuit buyer due diligence delays.

Vendor reports can be useful but should not replace a buyer-engaged independent inspection. The vendor's inspector was paid by the seller, which creates a potential conflict of interest, even if the inspector is generally reputable.

Best practice: review the vendor report carefully, then commission your own independent inspection. The two reports together give you a much stronger position than relying on either alone.

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