Title Insurance and your Property Purchase – What is it and is it worth obtaining?

When purchasing a property there is nothing that replaces proper due diligence being undertaken in relation to the property you wish to buy.  This could include pest and building inspection reports being conducted, ensuring the improvements have been council approved and all improvements are constructed on the lot you are purchasing (a surveyor’s report will show this).

Sometimes this information may not be available or there is pressure on to exchange Contracts for Sale to secure the property, due to multiple purchasers, and the 5 business day cooling off period has to be waived, or you have purchased at auction, where there is no cooling off period, and you have not had the time to undertake due diligence. Read more about the Title Insurance and your Property Purchase...

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09 Sep 2020