• What conditions should I include when I sign up sale and purchase agreement?
  • What conditions to include in Sale and Purchase Agreement depends on client's individual situation and nature of property. There are numerous conditions such as Finance, Builder's report, Lim, Builders report, and Valuation report. We strongly recommend everyone to seek legal advice before signing the sale and purchase agreement.
• What is Finance Condition?
  • Finance condition is imposed in the Sale and Purchase Agreement for the purchaser�s benefit where you need approval of loan from Banks for purchase of property. In the event Banks don�t approve the required funds then you cannot satisfy Finance condition and thereby you can terminate the Sale and Purchase Agreement
• What is LIM?
  • A Land Information Memorandum (LIM) provides information held by the local authority on a property. This report will help the Purchaser to find out any violations/consent/deviation to form an independent opinion to purchase the property.
• What is Builder?s report?
  • Professional builder inspector would carry out inspection and report in detail about the conditions of the property in general and building conditions in particular. His job is to identify any concern or issues in the property.
• How are properties registered in New Zealand?
  • Properties are registered by online E-dealing system in New Zealand.
• Can we see a Sample registered Title Copy?
  • Yes. Sample Tile Copy.
• How do we sign loan documents from the bank?
  • Once your loan is approved the bank will forward the loan documents to us. We will contact you and arrange for the documents to be signed and send it back to bank for release of funds.
• Do I need to take insurance for my property?
  • We strongly recommend you to take insurance over your property. If you have organised a mortgage with a bank then insurance is a mandatory requirement.
• What will happen to water bill and council bill?
  • The Vendor of property would take responsibility for their usage. We would update ownership details with water care services and council.
• What documents would be provided to us after purchase of property?
  • We would provide all documents related to purchase of property. In particular we would provide registered title copy and all accounts documents related to the purchase.

Sale

• Should I put conditions in Sale and Purchase agreement?
  • Whether Vendor should put conditions depends on their situation. If you think you want to include certain conditions then we recommend you take legal advice then sign Sale and Purchase agreement.
• Do I have to arrange for the mortgage to be repaid?
  • No, once you give us authority we will arrange for the discharge of mortgage and repayment of mortgage funds.
• Would you arrange for our Names to be removed from water care and council?
  • Yes, we would make arrangements for your name to be removed from water care and council records
• What documents would be provided to us after sale of my property?
  • We would provide all documents related to sale of property. In particular we would provide repayment statement from the bank and all accounts documents related to the sale.