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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 21 of 54

Researching the Housing Market in Your Desired Area

A deep-dive into the area you want to call home

Getting to know your areas - the ins and outs of the local housing market and the quirks that make up its soul - is crucial for making an informed decision. With a little research, you can uncover valuable insights that will guide you straight to your new home.