We are considering a (weatherboard) house which has an addition with no CCC. The owners had the council out to inspect, many years after the addition was done, and the council refused to issue a CCC and instead sent a section 95A letter detailing the reasons they won't issue a CCC.
Despite this, we're thinking of making an offer. The idea is that if we can appropriately price in the work needed to get the CCC, then we can do that a few years down the track. Insurance seems to be an issue, though. Their current insurance company won't transfer the existing policy to us. Our current insurance company says they will consider it, but the underwriters will need to see the builders inspection report (which we don't have, yet).
If we can't get insurance, then we can't get finance, and so might as well stop now. Is the only way to establish if we can get insurance really to pay to have the inspection done? On the one hand, that seems totally reasonable from the insurers perspective, but I'm wary of wasting $1k just to be told we can't get insurance.
Despite this, we're thinking of making an offer. The idea is that if we can appropriately price in the work needed to get the CCC, then we can do that a few years down the track. Insurance seems to be an issue, though. Their current insurance company won't transfer the existing policy to us. Our current insurance company says they will consider it, but the underwriters will need to see the builders inspection report (which we don't have, yet).
If we can't get insurance, then we can't get finance, and so might as well stop now. Is the only way to establish if we can get insurance really to pay to have the inspection done? On the one hand, that seems totally reasonable from the insurers perspective, but I'm wary of wasting $1k just to be told we can't get insurance.
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