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Leaky home purchase

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  • Ivan McIntosh
    I believe you can get insurance, because insurance doesn't pay out on gradual deterioration anyway. They may make it much more plain than normal.

    You can also purchase a home with no CCC, but if you need mortgage finance to do so you will often find that the bank concerned won't lend without one. Occasionally a bank lends without a final CCC, but I often wonder if that is because they just didn't know one hasn't been issued. When buying a leaky home your bank would need full disclosure of the details.

    If however you have the cash already and don't need a bank then you can buy what you like.

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  • annette smither
    started a topic Leaky home purchase

    Leaky home purchase

    We are looking at purchasing our second property. Dream site, lovely home. Leaky however. Old owner has an open and accepted claim to fix of $210,000+ but we will not be able to make this claim as new owners (we have a copy of all documentation)


    Can we get insurance on a leaky home?

    Can you purchase a home with no CCC?

    If so what are your recommendations or experience in the above issue

    Please Note:

    NO health factors are an issue in this property (we have a copy of the full report to assure this - less than 12months old)
    NO further damage is ongoing, i.e. the house has been sealed (also in the report)

    It is a livable home and if and when we decide to repair or rebuild the cost + sale price is still way below potential value.