When buying Christchurch property, make sure your common sense doesn’t fly out the window. Due Diligence must be mandatory – no excuses and no short-cuts.
Our client advised to ‘walk from the deal’ as damage too big for them to take on.
We investigate post-quake properties and discover a lot of pre-existing damaged house.
- Buyers bought on emotion.
- The client signed a Conditional Agreement.
- Client incurred $2800+GST in reports and legal advice.
Risknet delivered a report highlighting significant issues not discovered by others. When discussed with the client’s conveyancing lawyer, the client was advised not to proceed.
Buyers Stop and take a breath.
The client incurred additional unnecessary fees prior as they had signed a sale a purchase agreement prior to talking with Risknet.
First off, you can’t help but feel terrible for the purchasers.
The upside, we provided premium service and guidance, the client stated, “next time we will engage with you (Risknet) first, before anybody else“. And they did 2 months later.