Frequently asked questions

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Here are a list of the most commonly asked questions and we will add more as your questions come in.

Should I talk with a bank before looking at homes?
We work very closely with New Zealand home loans and can organise a special meeting with a highly reputable local representative.
Can I find a rent-to-own property?

Our role serves as a ‘connector’ so we will put you in contact with a person who can help you with rent to own properties.

Do I really need a Realtor when buying a home?
The short answer is no. However, we suggest you seek legal advice from a lawyer.
Do I really need a Realtor when buying a home?

Summary of important things to know

 

  • You should disclose any information you are aware of that may be relevant to the buyer, including issues. Otherwise, you could find yourself in court. You do not need to advertise the information, but potential buyers who have indicated an interest in making an offer may need to be told.

 

  • Get a lawyer or conveyancer to draw up the sale and purchase agreement.

 

  • Once you have signed a sale and purchase agreement, you need your lawyer or conveyancer to hold the buyer’s deposit in their trust account.

 

  • If you sell your property privately and you also have the property listed for sale with a real estate agency, you may need to pay commission depending on the terms of the agency agreement.
Selling Privately

Summary of important things to know

 

  • You should disclose any information you are aware of that may be relevant to the buyer, including issues. Otherwise, you could find yourself in court. You do not need to advertise the information, but potential buyers who have indicated an interest in making an offer may need to be told.

 

  • Get a lawyer or conveyancer to draw up the sale and purchase agreement.

 

  • Once you have signed a sale and purchase agreement, you need your lawyer or conveyancer to hold the buyer’s deposit in their trust account.

 

  • If you sell your property privately and you also have the property listed for sale with a real estate agency, you may need to pay commission depending on the terms of the agency agreement.
Buying with an agent or privately

It’s important to understand your rights and responsibilities whether you are buying through an agent or buying privately.

Summary of important things to know

  • Real estate agents are trained, licensed professionals who must follow the standards set out in the Code of Professional Conduct and Client Care. They must also meet their obligations under the Real Estate Agents Act 2008 (the Act).

 

  • The real estate agent works for the seller. If they sell the property, the seller pays them a fee (commission).

 

  • The agent or seller is required to tell you about any known problems with the property and must not withhold any details.

 

  • Sometimes buyers use real estate agents called buyers’ agents to help them find and buy a property.

 

  • In a private sale, the buyer and seller deal directly with each other rather than through a real estate agent.

 

  • In a private sale, make sure you and the seller sign a sale and purchase agreement because this will include all of the standard obligations and responsibilities for both parties.

 

  • It’s important in a private sale to pay your purchase deposit to your lawyer or conveyancer so they can arrange for it to be held safely in a trust account pending the completion of the sale.

 

  • The Real Estate Authority (REA) can help with questions and complaints about sales involving a licensed agent but cannot help you if there is an issue with a sale with a private unlicensed seller.

 

  • Get legal advice, regardless of whether you buy through an agent or privately.

Did not find answer? Contact us!

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We are here to serve you at the highest possible level so please reach out if you need help or just need to ask a question.