Selling Your Earthquake Damaged Home

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Real Estate Parklands Queenspark New Brighton Harcourts

Uninsured properties sold by Griff

119 Bassett Street
Burwood
Sold under the hammer for $270,000

21 Foresters Crescent
Parklands
Sold under the hammer for $365,000


50 Banks Avenue
Shirley
Sold prior to auction for $325,000


42 Woodlau Rise
Huntsbury
Sold prior to auction for $251,000


1/14A Branksome Place
Parklands
Sold under the hammer for $111,000


58 Blue Gum Place
North New Brighton
Sold for $264,500


40 Bottle Lake Drive
Parklands
Sold at auction for $330,000

24 Glaston
24 Glastonbury Drive
Burwood
Sold at auction for $365,000


27 Vivian Street
Burwood
Sold for $160,000


29 Foresters Crescent
Parklands
Sold for $330,000


74 Stapletons Road
Richmond
Sold at auction for $350,000


25 Seabrooke Drive
Spencerville
Sold at auction for $330,000


38 Forest Drive
Parklands
Sold at auction for $285,000


6 Linkwater Way
Parklands
Sold at auction for $312,000


2 Riverside Lane
Spencerville
Sold at auction for $340,000


49 Orrick Crescent
Avondale
Sold at auction for $170,000

Opawa St Martins uninsured property christchurch as is where is Harcourts Peter Griffioen
Units 1 & 2, 72A Beckford Road
Opawa
Sold at auction for $345,000

Real estate Strowan Bryndwr Papanui Harcourts Christchurch Property
33 Urunga Avenue
Strowan
Sold at auction for $635,00

renovations real estate property christchurch harcourts peter griffioen
535 Bower Avenue
Parklands
Sold at auction for $250,000

Real estate Burwood Northshore Parklands New Brighton Queenspark Harcourts Christchurch Property
22 Glastonbury Drive
Burwood
Sold at auction for $220,000

real estate spencerville harcourts christchurch
8 Nautilus Place
Spencerville
Sold at auction for $380,000

A quick checklist for selling your home 'as is, where is'

Clearly know your options

When looking to settle/progress your insurance claim make sure that your insurer provides you with all the options. This may include, repairing or rebuilding your home, building a home on another section, buying an existing home or receiving a cash settlement for your existing home with your home being demolished or finally, accepting a cash settlement and retaining your home or selling it. Some insurance companies require your home to meet a certain standard if you wish to occupy or sell it “as is”.


So what exactly is selling ‘as is, where is’?

Essentially selling as is where is equates to cash settling both your EQC and insurance claims, retaining these funds and then selling your home on the open market without carrying out any significant repairs. 


Written confirmation of insurance offer

Whatever option you choose make sure that you receive the offer in writing from your insurer. This is important for your records and proof of your settlement (excluding settlement figures) may be needed when selling.


Take legal advice

Before signing anything be sure to have your solicitor approve/peruse it prior to proceeding. A couple of words incorrect can have dire consequences and significantly jeopardize your future plans if left unchecked. 


When does my home become uninsured?

Once you accept a cash settlement from your insurer then the insurance is cancelled, just like if you receive cash settlement for a driveway etc, the cover is cancelled.

Is auction the best way to sell?

Need I say more than what the stats clearly state - as is auctions sell quicker and in most instances for better money. So far the Griff team has only had one that hasn’t sold under the hammer!

Why the demand?

Due to retaining both EQC and insurance settlements you offer the home to the open market at an attractive price due to property being uninsured. This is normally well below current market value for an equivalent undamaged and fully insured home. The buying public generally perceive this to be an excellent opportunity to secure an affordable property.

Who will buy an 'as is' home?

You would be surprised. Investors and speculators, Mums and Dads helping the kids getting started, red zoners and EQ refugees. Even families buy them as an affordable family home option. There is a lot of cash around at the moment.

Will anything come back to bite me?

Valid question but you can rest assured that here at the Griff Team we know all the appropriate clauses to enter into the sale and purchase agreement. We also have your solicitor approve the contact prior to a sale, and we have gleaned and updated the clauses with feedback from solicitors and insures during our experience of selling many as is properties.

Is an engineer’s report important?

Yes essential, as it does two things – it addresses the question in the back of a buyer’s mind of “is this house safe” and secondly it forms the absolute baseline of representation. The reports we recommend are comprehensive and include scribed floor levels.

Should I make an improvements?

It is important that your home is represented with transparency to the open market with an engineer’s report that was completed prior to any improvements. We have found however, that the buying public generally respond more favourably to a home following cosmetic repairs due to the aesthetic appeal.

How many have you sold?

The Griff Team have now sold 63 of these properties at the last count

Why sell my “as is” through the Griff Team?

With close to 80 sales already under our belt and plenty more to come, we have a smoothly honed marketing template that we utilize. Sellers also benefit from online marketing of our 500+ database of contacts, and we simply have the experience to get the job done.

Is there any obligation?

We are more than happy to meet with you with for a friendly chat without any strings attached – it's about empowering you with the right information to assist with your decision making.

Download our latest analysis

Contact Griff to discuss your options re your earthquake-damaged home