Hi Guys,
I just purchased a property with damaged kitchen and damaged bathroom. Damaged to an extent that the house is not considered habitable.
I am happy with the purchase though, because I can pay cash and it was cheap.
However, I am just wondering about insurance. In QLD, section 8.1 states that the house is at the risk of the seller at 5pm the day after the contract is signed.
Should I get insurance on the property? I am worried that someone might come and trash the place.
I just purchased a property with damaged kitchen and damaged bathroom. Damaged to an extent that the house is not considered habitable.
I am happy with the purchase though, because I can pay cash and it was cheap.
However, I am just wondering about insurance. In QLD, section 8.1 states that the house is at the risk of the seller at 5pm the day after the contract is signed.
Should I get insurance on the property? I am worried that someone might come and trash the place.