The Buying Process

Deals on our website listed for sale by Property Traders, Directly by the Vendor, Developer or their Agent/Representative.

This is a short explanation for those of you who are buying from a property Trader/finder for the first time.

Please Note: All deals which available for sell thorough a Property Trader,  with no exception are sold as Private Sale or Contemporaneous settlement.

We do not accept deals in a way of Assignment as for the new REAA regulations.

Here are the sequences of events:

1. Once you spot a deal which meets your buying criteria via  receiving our Hot Property Newsletter ™ or viewed at the Deals Room ™ and you wish to start your Due Diligence we recommend that you contact the Seller or Agent as soon as possible thorough sending a message or phoning if a number is available,  As always He/She can commence  work on a “First in first served basis”.

2. Following your inquiry the Seller or Agent will  forward all the available information so you can evaluate the deal and see if you wish to pursue it.

3. If you are genuinely interested and require a few days for completing the Due Diligence the Seller or their Agent may forward to you a Conditional Sale & Purchase agreement which would allow you to complete your Due Diligence within the agreed time-frame.

** This Agreement is to be signed and returned to the Seller or Agent, only then you will secure the First opportunity for purchasing the property.

Please note that at this stage you are not obliged to buy the property ONLY once you declared the agreement unconditional.

( Note: a cash unconditional offer may be looked at more favourably by the seller.)

4. Once you complete your Due Diligence you will then need to confirm that the Due Diligence Clause (or any condition) in the Sale and Purchase Agreement has been satisfied and that you are ready to declare the contract unconditional, pay the deposit and settle the property on time as per the agreement.

5. Once you have completed the above we can congratulate you on your new Property Investment purchase.

For your information if buying from a Property Trader: the purchase price would be including the Traders margin, finder’s fee is not payable bay way of assigning/selling the rights for the Contract.

We hope you find this helpful,

The team at Property-Investors.co.nz