Exploring Property Listings and Conducting Online Research for Buying Property
Jumping into property listings and all that comes with them
New Zealand's property market is as dynamic and varied as the beautiful landscapes that define this nation. Diving into this market requires a keen eye and solid research to make the most of your investment. Understanding how to navigate online property listings and conduct thorough research is paramount.
Embarking on your property buying journey begins with exploring listings. These listings are a treasure trove of information, providing key details such as price, location, size and features of the properties available. Property listings come with their own jargon. Terms like 'RV' (Rateable Value), 'LIM' (Land Information Memorandum) and 'CV' (Council Valuation) are common in New Zealand real estate. Familiarise yourself with these terms to fully understand what each listing is offering. We have a full glossary available here. Once you've identified potential properties, the next natural step to reaching out to real estate agents. Prepare questions before contacting agents. Inquire about the history of the property, the vendor’s reasons for selling, any known issues and negotiation possibilities regarding price. Building rapport with agents can lead to more detailed information about listings and insider knowledge on upcoming properties not yet listed. After thorough online research comes the physical inspection. Create a checklist based on your online findings to inspect during viewings – this ensures you don't overlook important details when you’re on site. Arrange viewings at different times of day to get a sense of natural light exposure and neighbourhood dynamics throughout the day. Finally, narrow down your choices using all the information gathered from listings, research and viewings. Weigh up all options side-by-side considering factors such as price, location, potential risks and personal preferences. Before making an offer, seek advice from experts like property inspectors or investment advisors who can provide further insights into your chosen properties.
Decoding Listing Language
Asking the Right Questions
Establishing Relationships
Checklist Creation
Scheduling Viewings
Comparing Options
Seeking Expert Advice
