Hi all,
I'm a new investor to Christchurch properties. I was browsing trademe and saw quite a few different things.
1. There were houses that were sold with the EQC payout, so the new owner gets benefit of this. What's the deal with this? Do they just increase the price to take into account the EQC payout?
2. The different earthquake zones. How would this influence the decision making process?
3. Insurance requirements, is it sufficient if I just check that the existing owners have insurance. Or do I have to do more due diligence?
4. Finally, normally I do LIM and building inspections. Are there any other due diligence that you recommend me to do particularly for Christchurch properties?
Thanks in advance!
Max
I'm a new investor to Christchurch properties. I was browsing trademe and saw quite a few different things.
1. There were houses that were sold with the EQC payout, so the new owner gets benefit of this. What's the deal with this? Do they just increase the price to take into account the EQC payout?
2. The different earthquake zones. How would this influence the decision making process?
3. Insurance requirements, is it sufficient if I just check that the existing owners have insurance. Or do I have to do more due diligence?
4. Finally, normally I do LIM and building inspections. Are there any other due diligence that you recommend me to do particularly for Christchurch properties?
Thanks in advance!
Max
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