Buying or selling a home in Canterbury
If you’re considering buying or selling a home in an area that has been affected by a natural disaster, there’s some extra information you may want to factor into your due diligence process.
What's the difference between an EQC Assessment and a Pre-Purchase Inspection?
An EQC assessment can tell you about previously discovered earthquake damage. But a pre-purchase inspection can tell you more of what you need to know when buying or selling a home.
When you're buying a home, it’s important to undertake a thorough due diligence process. If you’re looking to buy in an area affected by a natural disaster it is recommended that you take extra steps to find out about the condition of the home you’re going to purchase and to identify risks and issues.
If you are planning to buy a home, it is important to seek legal advice to understand your potential rights, benefits and obligations relating to claims that may be assigned to you.
Before buying a property interested parties will want to see if there are any EQCover documents related to the property regarding its assessment for natural disaster damage, and information outlining the settlement of any claims.