Page 2 - Spring Edition 14 September 2019
P. 2

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                                           Life   Property
                                            is happily brought to you by
                                            Chris Grantham  0274 960 959     c.grantham@barfoot.co.nz
                                            Karen McGehan  027 296 1449      k.mcgehan@barfoot.co.nz


     Understanding different


          methods of sale, and


      preparing to sell on the


                     dotted line.






    C  O  N  F  I  R  M  I  N  G     Y  O  U  R     F  I  N  A  N  C  E  S
    If you’re taking out a mortgage to pay for your home, you’ll need to confirm your loan before your
    offer goes unconditional. You may be eligible for government help with a KiwiSaver HomeStart
    grant, KiwiSaver first-home withdrawal or Welcome Home Loan. Be sure to get these applications

    underway as they take time.  Your bank or lender is likely to need proof that you have arranged
    property insurance before settlement.



       U  N  D  E  R  S  T  A  N  D  I  N  G     M  E  T  H  O  D  S     O  F     S  A  L  E
    Before you can make an offer, you’ll need to know the method of sale being used for that home.
    Most property sales in New Zealand are by advertised price, deadline sale or negotiation but homes
    can also be sold by other methods such as auction or tender. Depending on the method of sale,

    there are different things you need to do to prepare, you are welcome to contact us to discuss a
    method in more detail.

      U  N  D  E  R  S  T  A  N  D  I  N  G     T  H  E     M  U  L  T  I  -  O  F  F  E  R     P  R  O  C  E  S  S

    A multi-offer process happens when more than one buyer makes an offer on a property. It’s
    important to put your best foot forward in this situation, as you might not get a chance to increase
    your offer. The seller can choose the offer that suits them best, and this might not necessarily be the
    one with the highest price. What to watch out for - There must be more than one offer in writing. An

    agent can’t say you are in a multi-offer process if there are no other offers in writing.

      U  N  D  E  R  S  T  A  N  D  I  N  G     T  H  E     S  A  L  E     A  N  D     P  U  R  C  H  A  S  E     A  G  R  E  E  M  E  N  T
    A sale and purchase agreement is a legally binding contract between you and the seller. You should

    fully understand all aspects of the agreement before you sign, so it’s important to get advice from
    your lawyer or conveyancer at this point. What to watch out for - With some methods of sale, you
    can make a conditional offer, such as the offer being subject to a building report or finance. Ask your
    lawyer for advice.

                                                                       Information sourced by www.settled.govt.nz
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