All listings must be made in writing using the correct documentation – your Barfoot & Thompson seller will provide them to you. These documents are in line with New Zealand real estate contract law. In New Zealand, sellers represent the seller. As a buyer, you need to organize all the legal advice and reports you need yourself. To learn more about the different agency contracts, talk to one of our sellers. The seller is required to make a sale, which encourages them to work harder for it. Barfoot & Thompson will retain buyers` deposits to our escrow account for 10 business days or until the unconditional sale, whichever is longer. We will work directly with both lawyers to arrange this and inform you as soon as the deposit has been transferred to your lawyer`s account. So you don`t have to worry about anything. This is your chance to verify that all the movable objects listed in the purchase contract are present and in the same condition in which you signed the contract. Most people choose to sell their property through a real estate agency. a small number of people sell their homes privately. Real estate agencies and sellers are licensed under the Real Estate Agents Act 2008 and are regulated by a government agency, the Real Estate Authority.
A code of conduct should ensure that they act ethically. Use a combination of your own instinct and market knowledge to determine your price. The seller may offer you information about real estate sales in the area, or you may obtain information from other sources such as Quotable Value or a registered appraiser. 3.2 If the property is sold with a vacant property, you (or a person authorised by you in writing) have the right to carry out an inspection of the property prior to settlement. This gives you the opportunity to check the condition of the property, including the furniture and furnishings included in the sale. You must give reasonable notice to the Seller for this visit. The day you bought your new home, you signed a purchase agreement. With all the excitement of buying, you may not have absorbed everything, so we`ve pulled out the most important information to remind you of your responsibilities and commitments. Contact one of our sellers, he will be happy to help you. Before buying a property, we recommend that you seek independent legal advice yourself.
If you enter into a contract for the purchase of land or property, you will need to provide a New Zealand IRD number before settlement can take place and you can take possession of it. This applies to the sale or purchase of any land/properties in New Zealand.You must give your New Zealand IRD number to your lawyer, and you will need to complete and sign a tax return before an agreement can be reached and the property can be donated. Offshore buyers and sellers must provide a New Zealand IRD number or receive a New Zealand IRD number prior to the settlement date. If you are an offshore buyer or seller and do not have a New Zealand IRD number, you will need to open a New Zealand bank account before applying for a New Zealand IRD number. Offshore parties must also provide their tax number/details of their home country. For more information, please contact your sales representative or lawyer. Your offer will be accepted once all parties have agreed to the terms, including price and deposit, and the contractual agreement has been signed by all parties. In this type of agreement, each agent has the listing, but no one is responsible for selling the property.
Before purchasing a property, we recommend that you consider consulting or commissioning technical reports, such as a Memorandum of .B Information (SAM) and reports on builders and engineers. Your seller will expose your property to the market and negotiate with buyers on your behalf, so finding the right person is an important part of the process. Here`s a guide to help you choose the right one for you. And then your search begins. Everyone has their own way of searching, whether online, through an app, or by contacting a seller. 4.1 Between the date of sale and the date of payment, the property and movable property remain in the name of the seller. This means that they are liable for any damage that may occur between the sale and the settlement date. If damage occurs that goes beyond normal wear and tear, you are entitled to compensation from the seller. You can download our free app to search for properties in your area or search our website – we have thousands of properties for sale, with hundreds of new listings every month. If you`d like to submit a quote for a property, be sure to officially register your interest with a Barfoot & Thompson seller. This way, your seller can contact you if circumstances change. The deposit you paid for your new home will be held in Barfoot & Thompson`s escrow account for 10 business days or until it is sold unconditionally, whichever is longer.
First of all, congratulations on your sale! This guide is here to help sellers in their move and make sure they understand their obligations and rights as a seller. If you sign an exclusive agency contract, you should not register with another agent, as you may have to pay a commission for both. If you have any questions about your responsibilities before invoicing, you can talk to your seller or lawyer. The more buyers know your property is for sale, the more likely you are to get a higher price. Please contact your seller for more details. Read our guide to buying at the property to learn more about what you need to do after signing the purchase agreement. Listings must be submitted in writing on the standard bidding document – your Barfoot & Thompson seller will provide them – and filed at the specified closing location before the auction deadline. Barfoot & Thompson will keep your listing safe until the deadline. The real estate agency markets the property and negotiates the sale on behalf of the seller The seller pays his real estate agency a commission on the sale price. .