Back to business as usual following Sunday’s seismic surprise

Untitled designSunday’s magnitude 5.7 earthquake may have come as a surprise to many of us, however it serves as a timely reminder that occasional jolts are part of the ‘new normal’ we’ve all tried to get accustomed to following the events of 2010 and 2011. After significant shakes like the one on Sunday, it’s important we remember to continue to look out for each other, especially those who are alone, infirm or need extra support.

As far as property damage and claims go, The Press reports:

Insurance claims after the quake on Sunday are close to 500, said earthquake minister Gerry Brownlee after a briefing by the Earthquake Commission.

There have been 496 claims in total as at Monday afternoon for damage caused by the 5.7 magnitude earthquake that rocked Christchurch.

If you’re currently in the process of buying or selling a property (i.e. have a contract in place), our advice is to check the property in the first instance. If you have any concerns, it would pay to have to have a more thorough inspection carried out by a suitably qualified professional. You have three months to lodge a claim with EQC, and it will be imperative to have a claim lodged if there is any damage prior to settlement, so that such claims can be assigned to the new owner. Broadly speaking, it appears the majority of Christchurch properties (save a handful in a few localised spots) weren’t significantly affected by Sunday’s event.

Results from this week’s auctions suggest buyers were largely unperturbed with 13 properties from 17 selling under the hammer at Harcourts Gold, 7 from 11 at Harcourts Grenadier and 12 from 17 at Harcourts Holmwood. Even uninsured properties sold well with competitive bidding this Thursday.

As far as insurance goes, we’re yet to hear of any reports of tightened criteria or stand-down periods as a result of the recent seismic activity, which is encouraging. See also: ‘Christchurch earthquake: Insurers not expecting big claims’

All in all it’s simply a case of back to business as usual. As we approach the 5th anniversary of the February earthquake let’s get on with doing out bit to making Christchurch the first class city it’s set to become!

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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