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FIVE STEPS TO
PURCHASING YOUR PROPERTY
FINANCE
It
is always helpful to discuss your borrowing capacity with your
finance provider before looking for your new home.
This way, you know exactly which price range to search in. Seek a pre-approval letter where possible, as this will
certainly strengthen your offer when it is presented to the owner.
LOCATION
Make
a short list of the areas that best suit your needs, taking into
consideration such factors as locality to school, shopping, clubs
and beach or whether you prefer an area that has a permanent or
holiday neighbourhood.
RESEARCH
Gather
as much information as you can from newspapers and the internet on
the prices of properties in your preferred locations.
Attend “Open Homes” to help get a feel for prices in the
area. This information
is so accessible now; you should become an expert in your preferred
locations in no time!
REGISTER
Contact
one of our sales team and inform them of your requirements. They can then alert you of any new listings that may suit
your needs.

THE
OFFER
The
offer process in NZ is normally completed using a standard REINZ
“Sale and Purchase Agreement” prepared by the Auckland District
Law Society.
The Sale and Purchase Agreement will be completed with the
names of all parties to the contract, the address and legal
description of the property, the purchase price, amount and terms
of deposit, settlement date, finance particulars, and any other
special conditions to the sale.
Once this document has been agreed to and signed by all
parties a formal contract is in place, binding all parties to the
terms of the agreement.
BUYER
ENQUIRY RANGE
Properties listed for sale with
our 'By Negotiation' and 'Set Sale' marketing strategies are marketed
in a 'BUYER ENQUIRY RANGE'
Both these strategies (like a tender and an auction) do not declare
the vendor's expected price. Instead the property is offered for sale
in a 'BUYER ENQUIRY RANGE'.
HOW DOES IT WORK?
- Instead of setting a fixed
price, a range is set to
attract buyers looking within that range.
- If you are looking within
the advertised range, you should come and look at the property and
maybe you will be able to successfully negotiate for it.
HOW ‘SET
SALE’ OPERATES - A PURCHASER’S GUIDE
The best opportunity to buy top
properties is within the first 30 days on the market. Certainly some
properties stay on the market for months but they are the ones that
are either wrongly-priced, badly presented, or lack marketing. ‘SET SALE’ aims to end
that by properly marketing the property and allowing all potential
buyers every opportunity to make an offer.
Unlike an auction or tender where there is no expected price guide, a ‘Buyer
Enquiry Range’ is provided as a general guide for your offer.
YOU MAY HAVE TWO OPTIONS TO TAKE:
Option 1
You may place an early offer at any time prior to the ‘SET SALE’ close
date. In the case of an early offer any registered buyers are notified
that an offer is being presented and they also have the opportunity to
present an offer. The advantage of making an early offer is that you
reduce the competition by avoiding all the last minute competition
with other buyers who have not yet seen the property or who remain
unregistered.
Option 2
If you are not quite certain, you may register your interest and you
will be contacted two days prior to the final date to see if you wish
to firm up a formal offer. We will also contact you should another
firm offer come in before the ‘SET SALE’ close date. Of course, you
will be advised regardless, of the outcome.
In other words, the owner will consider all offers prior to and for a
‘consideration period’ after the ‘SET SALE’ date, however may choose
to accept an offer at any time.
If you wish to make an offer please discuss it with our salesperson.
On the other hand, if you wish to register your interest simply fill
out the registration form with the salesperson.
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