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Introduction
Legal and Negotiation Processes
Preparation and Planning
Settlement and Post-Purchase
The Market and Compliance
Viewing and Inspecting Properties

01.
 
How To Use The Step Guides
02.
 
Buyer Introduction
03.
 
Your Current Scenario
04.
 
Understanding Real Estate Market Dynamics and Influences
05.
 
Assessing the Benefits of Owning vs. Renting
06.
 
Assessing Your Readiness and Financial Planning for Homeownership
07.
 
Establishing a Budget for Property Purchase
08.
 
Deciding to Work With A Mortgage or Financial Adviser
09.
 
Deciding on Whether to Proceed with Home Buying
10.
 
Analysing Financial Capacity for a Mortgage in New Zealand
11.
 
Getting Pre-Approved for a Mortgage
12.
 
Proceeding As a Cash Buyer
13.
 
Attending Property Seminars and Workshops
14.
 
Exploring Various Mortgage Options in New Zealand
15.
 
Property Sale Types in New Zealand
16.
 
Anti Money Laundering Rules and Regulations
17.
 
Determining Long-Term Goals and Future Plans for Property Buying
18.
 
Costs Associated with Buying a Property
19.
 
Creating a List of Must-Haves and Nice-to-Haves
20.
 
Potential Purchasing Partners for Property Buying
21.
 
Researching the Housing Market in Your Desired Area
22.
 
Location and Commuting
23.
 
Understanding Property Taxes in New Zealand
24.
 
How to Compare The Values of Similar Properties
25.
 
Exploring Property Listings and Conducting Online Research for Buying Property

26.
 
Interacting with Real Estate Agents
27.
 
Arranging Private Viewings of Properties
28.
 
Guide to Attending Open Homes and Viewing Properties
29.
 
Arranging Professional Property Inspections
30.
 
Seeking Comprehensive Legal Advice Before Making an Offer
31.
 
Choosing the Right Conveyancing Lawyer when Buying Property
32.
 
Understanding Legal Obligations and Rights as a Buyer
33.
 
Considering Community Amenities and Infrastructure
34.
 
Conditional Offers Versus Unconditional Offers
35.
 
Formulating an Offer Strategy
36.
 
Buying a Property at Auction
37.
 
Buyer First Mover Advantage Offer Strategy
38.
 
Engaging in Negotiation of Purchase Terms
39.
 
Ensuring Compliance with Agreement Conditions When Buying Property
40.
 
Discussing Agreement Details with Your Legal Advisor
41.
 
Undertaking a Geotechnical Report
42.
 
Reviewing Property Inspection Reports for Potential Issues
43.
 
Requesting and Analysing a LIM Report
44.
 
Requesting and Analysing a PIM Report
45.
 
Things to Do During Due Diligence Period to Prepare for Move
46.
 
Advantages and Disadvantages of Using a Moving Company
47.
 
Organising Home and Contents Insurance
48.
 
Settlement Day Procedures
49.
 
How to Deal With Settlement Delays in Property Transactions
50.
 
Planning Interior Layout and Design
51.
 
Settling In and Post Purchase Steps
52.
 
Purchasing Necessary Furniture and Appliances
53.
 
Tools and Services To Help Manage Your Property & Finances Post Purchase
54.
 
Re-evaluating Your Budget Three Months Post-Property Settlement

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Buy / Step 25 of 54

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.

Decoding Listing Language

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.

Asking the Right Questions

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.

Establishing Relationships

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.

Checklist Creation

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.

Scheduling Viewings

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.

Comparing Options

Weigh up all options side-by-side considering factors such as price, location, potential risks and personal preferences.

Seeking Expert Advice

Before making an offer, seek advice from experts like property inspectors or investment advisors who can provide further insights into your chosen properties.



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