Buying / Selling Your Property?

Things to consider when making an offer: 

 

• Do you need to obtain a LIM report?
• Do you wish to have a Builders Report?
• If the property is a Unit Title, have you been provided with a Pre-Contract Disclosure Statement? 
• Is your finance offer from the bank unconditional? - (i.e. not conditional on a registered valuation or builders inspection?) if so, you will need to include a finance condition in any contract. 
• Do you have access to a 10% deposit or does this need to be discussed with the salesperson or lender? 
• Has a copy of the property title been provided? 
• Have you read the REAA Sales and Purchase Agreement Guide? - (link attached) 
• If attempting to buy a property in a multi-offer situation, has the process been fully explained to you? 

 

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| Strategies for Selling your Home |

There are five main strategies we can adopt in selling your home

Auction                                                                                                                        

Advantages                                                      Disadvantages 

- Timeframe approach                                       - No conditional offers initially
- Transparancy                                                     
- Ensures competition
- Market determines value
- Unconditional sale
- The Vendor is always in control

Price                                                                                                                             

Advantages                                                      Disadvantages     

- Buyers know what the price is                       - If priced correctly, you lose buyers or sell too cheaply
- Can deal with conditional offers                    - No timeframe
                                                                         - People may discard property on price and not consider
                                                                           the features and benefits

Sale by Negotiation                                                                                                         

Advantages                                                      Disadvantages     

- You can accept conditional offers                   - No timeframe/ no urgency
                                                                          - Offers are often conditional
                                                                          - Buyers often try to get a bargain

Expressions of Interest Set Date of Sale                                                                 

Advantages                                                      Disadvantages    

- Timeframe approach                                       - Offers are often conditional rather than unconditional
- Vendors can accept conditional offers            - Buyers often dont understand this process
                                                                            unconditional
                                                                          - No transparency

Tender                                                                                                                          

Advantages                                                      Disadvantages   

- Timeframe approach                                       - Non-transparent
- Allows confidentiality                                       - Very formal process that locks in buyers
- Ideal for challenging properties                       - Buyers often don't feel comfortable with the process 
- Interested parties have to do due diligence 





To request a free, no obligation market appraisal of your Taupo property please give Grant a call or use the following online form;
Grant: 027 222 9539