Your home is your biggest asset so it pays to heed good advice when it comes to property matters. Each week the Real Estate Institute of Queensland provides a consumer watch to keep you up to date with all the latest industry trends that could affect you. Is your soon-to-be new home insured yet?
| the REIQ
Everyone knows that insurance can safeguard you against unforeseen events.
This is especially true for buyers who have yet to settle on their new home or investment property.
While settlement date may be weeks away, buyers need to have their soon-to-be new property insured in the lead up to settlement.
A property is at the buyer’s risk from 5pm on the first business day after the contract date, so it is vitally important that appropriate insurance is organised prior to this time.
Most insurers provide this type of insurance for homebuyers, and it can be organised very easily over the phone.
Among the myriad steps in the buying process, buyers’ insurance is one of the most important as it provides protection prior to settlement.
It also provides peace of mind so buyers can concentrate on, and look forward to, shifting into their new home.
When buying, selling, renting or investing in residential and commercial real estate, look for the 2007 REIQ accredited agency logo as a sign of an agency dedicated to the highest standards of business practice.
For a list of REIQ accredited agencies in your local area visit www.reiq.com.au or phone (07) 3249 7347.
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