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Four things you MUST do before buying a home<br />
Buying a home is a big deal. It’s likely to be the most expensive thing you buy, and it can be a complicated legal<br />
process. It’s even tougher in a hot market, where there is a lot of competition for a limited number of properties.<br />
It might be tempting to take a few shortcuts, but failing to do things properly could cause more problems later.<br />
Here are our top four tasks for home<br />
buyers.<br />
1. Research the property<br />
The real estate agent selling the property<br />
acts on behalf of the seller, however they<br />
are also required to tell you everything<br />
they know about the property. They<br />
must respond professionally to all your<br />
enquiries and not withhold any details.<br />
Remember that you still need to do your<br />
own due diligence. That means getting a<br />
title search so you can find out all the facts<br />
about the property’s ownership, boundary<br />
and access, as held by Land Information<br />
New Zealand (LINZ). It’s a good idea to<br />
get a Land Information Memorandum<br />
(LIM), which shows information held<br />
by the local council about the property<br />
and land. For valuable feedback on the<br />
property’s condition, get a report done<br />
by an inspector who has professional<br />
indemnity insurance and carries out their<br />
work in accordance with the New Zealand<br />
Property Inspection Standard. Although<br />
this all costs money, it will save you more<br />
in the long term. Sellers may occasionally<br />
provide some of this information for you.<br />
If this happens, check that it is up-to-date.<br />
2. Get legal advice<br />
Buying property is expensive, and it can<br />
cost even more if something goes wrong.<br />
That’s why it’s important to get legal advice<br />
before you sign anything. A lawyer will<br />
handle all the paperwork involved in the<br />
process, including the title search, and<br />
offer impartial advice. If you don’t have a<br />
lawyer, the New Zealand Law Society can<br />
help you find one at propertylawyers.org.<br />
nz.<br />
3. Understand the sale process<br />
There are several methods of buying and<br />
selling property, for example, tender or<br />
auction. It’s important to understand the<br />
process for the property you are buying.<br />
Practices can vary between agencies so<br />
make sure you confirm details with them.<br />
The Home Buyer’s Guide at buyingahome.<br />
reaa.govt.nz has more helpful advice.<br />
3<br />
4. Read the sale and purchase<br />
agreement and understand what it<br />
means<br />
The sale and purchase agreement is your<br />
contract with the seller. It is crucial to read<br />
it very carefully and get legal advice before<br />
you sign. You can negotiate the terms and<br />
conditions of an agreement, but once you<br />
sign it, there’s no going back.<br />
Want more free and independent advice<br />
on buying a property? Check out the<br />
Home Buyers’ Guide at buyingahome.<br />
reaa.govt.nz. If you still have questions,<br />
call the Real Estate Agents Authority<br />
(REAA) on 0800 367 7322 (please call<br />
04 471 8930 from a mobile phone).<br />
Hastings McLeod Limited Licensed under the Real Estate Agents Act 2008 rolleston@pb.co.nz Office 03 929 0306<br />
SIZE, LOCATION, GARAGING!<br />
PRICED TO SELL - DON'T WAIT!!<br />
WEB ID ROU60016<br />
ROLLESTON<br />
26 Beaumont Drive<br />
Positioned on an ideal 1048m2 section in the highly<br />
sought after Mayfair subdivision (wide streets...quality<br />
homes...) here's an opportunity for an astute buyer to<br />
secure a large 247m2 home with plenty of space for<br />
your family's toys at an unbelievable price.<br />
* Galley style kitchen with double oven<br />
* Log burner and 3 heat pumps<br />
* BONUS 6x6m Totalspan garage<br />
* 10m2 garden shed & vege planters<br />
VIEW Sunday 11 Feb 1.00 - 1.30pm<br />
Sarah Yeates<br />
Mobile 027 447 2719<br />
Office 03 929 0306<br />
sarahy@pb.co.nz<br />
BUYERS $629,000+<br />
5<br />
2<br />
4<br />
WEB ID ROL58223<br />
WEST MELTON<br />
342 Halkett Road<br />
Presenting this recently built modern home in an<br />
absolutely prime location! Set well back off the road,<br />
you get peace and quiet, along with sheltered privacy<br />
• 3.96 ha lifestyle<br />
• Modern 2011, 230 m2 home<br />
• Heatpump and Logburner<br />
• 4 bedrooms + office, main with ensuite & WIR<br />
• Access from 3 ranch sliders to patio<br />
• Beautifully positioned for all day sun<br />
VIEW 11 & 18 Feb 1.00 - 1.30pm<br />
Michael Robb<br />
Mobile 027 436 7106<br />
Office 03 929 0306<br />
michael.robb@pb.co.nz<br />
BUYERS $860,000+<br />
5<br />
2<br />
2<br />
www.propertybrokers.co.nz
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