Just signed a House Contract…

Make sure you contact your insurer or an insurance broker to obtain adequate insurance over the property you are intending to purchase. Even though you do not yet legally own the property, under the standard terms of an REIQ Contract, it is usually the Buyer’s responsibility to have the property insured from 5:00PM on the first business day after the date of the contract. You never know what may happen especially with the unpredictable weather patterns in Queensland.