Hiya guys,
Three weeks back went to an auction and bid for a DoH (Dept of Housing) House 3x1x1 Fibro in Western Sydney and purchased it for 184,000. At that price, it was a good deal. We paid the 10% deposit required and signed the Contract of Sale.
On that day of sale, there were 14 properties of DoH stock that was cleared out and many investors walked away with a bargain or two. Our settlement date is 14.03.2011 which is the coming Monday.
Day before yesterday, as we drove past the house we noticed fresh Grafitti on the external walls. On closer inspection we saw the widows broken. Having seen quite a few properties vandalised in this area (especially during vacancies, when there is a 'For Sale/Lease' sign outside) I know my newly purchased property has been Vandalised. Just kids doing this to prove that they are tough. I do not know the full extent of the internal damage as I have not been able to organise a inspection with the REA. But I am planning to get in there today, latest by tomorrow.
My question is:
With the settlement next week, what are my options?
- Will the DoH reduce the settlement price (highly unlikely)
- Will the DoH's Insurance company compensate us for the damages (possible)
- Will the DoH say bugger off, not our problem (highly likely)
Any suggestions/opinions will be much appreciated....
Thanks,
Three weeks back went to an auction and bid for a DoH (Dept of Housing) House 3x1x1 Fibro in Western Sydney and purchased it for 184,000. At that price, it was a good deal. We paid the 10% deposit required and signed the Contract of Sale.
On that day of sale, there were 14 properties of DoH stock that was cleared out and many investors walked away with a bargain or two. Our settlement date is 14.03.2011 which is the coming Monday.
Day before yesterday, as we drove past the house we noticed fresh Grafitti on the external walls. On closer inspection we saw the widows broken. Having seen quite a few properties vandalised in this area (especially during vacancies, when there is a 'For Sale/Lease' sign outside) I know my newly purchased property has been Vandalised. Just kids doing this to prove that they are tough. I do not know the full extent of the internal damage as I have not been able to organise a inspection with the REA. But I am planning to get in there today, latest by tomorrow.
My question is:
With the settlement next week, what are my options?
- Will the DoH reduce the settlement price (highly unlikely)
- Will the DoH's Insurance company compensate us for the damages (possible)
- Will the DoH say bugger off, not our problem (highly likely)
Any suggestions/opinions will be much appreciated....
Thanks,