Your offer on the house you love has just been accepted and you now have 10 days to make sure finance and your own due diligence all line up so you can go unconditional. Alternatively, the house is going to auction and you have to be sure before you go into the Auction room that this is the house for you.
WHAT WE DO
Just like our personal relationships, well-loved properties can come with a lot of baggage to be dealt with!
We examine the property from a financial, natural hazard and insurance risk point of view. We examine more that 20 aspects of the property and give a detailed report of observations around those 20 odd aspects.
From the seemingly innocuous issues to the glaringly obvious concerns, we will present you with a report for you to discuss with both your lawyer and author of your builder’s report that is to be undertaken.
From Coastal Retreat to Rockfall Risk; from ground conditions to the history of the property; from Title ownership model to hazardous activities; Residential Risk Analysis Ltd will help you get a thorough understanding of the property you have fallen in love with. (If only our personal relationships were as easy to understand…!)
If the home lies within the Canterbury Earthquake Sequence Area or within the area affected by the Kaikoura Earthquake; we will also closely inspect all damage and reinstatement reports provided as well as other pertinent databases.
Additionally, the property will be appraised from an insurance point of view, with the Sum Insured policies in mind. Any special features or areas of concern for securing an insurance policy; or what may be problematic at claim time, will be noted.
HOW WE DO IT
Naturally, a cheery hello is a good way to start and if you happen to live in Christchurch, meeting over coffee (a cold latte with ice, thanks!) is a perfect beginning. However, if you are a very busy person, or live far, far away – email is also good.
We listen as you tell us about that perfect house you’ve just fallen in love with and then we have a chat about what to expect. For those of you simply too busy to meet, we write it here….
We will give you a Terms of Agreement form to be read, signed and returned.
On receipt of the signed form and a deposit paid, we will proceed to analyse all documents provided and gather all relevant information from our library of databases.
3 – 5 working days later, we will contact you to let you know the report is ready.
The remaining balance is paid and we can meet again to discuss the report. A soft copy is also emailed along with any relevant attachments. (Alternatively, if you are too busy, we can simply email the report and any relevant attachments).
Two weeks later, we will email you to see the outcome of your due diligence (did you go through with the purchase, or not.) This is an excellent opportunity to offer feedback to us.
WHAT WE DON'T DO
- We do not assess the physical aspects or structural integrity of any improvements (dwelling, garages, retaining walls…etc) on site. A builder’s report should be commissioned in conjunction with our risk report.
- We do not give financial advice.
- We do not give legal advice.