Before signing the Agreement it’s a good idea to have it reviewed by a property lawyer. We will be able to guide you on what conditions you may need to include and let you know about any clauses that might not be favourable to you. We can also help with reviewing the LIM report and title prior to submitting your offer to make sure you are aware of anything which may affect your use of the property.
So, you’ve found a house you’re interested in and the real estate agent has provided you with a Sale and Purchase Agreement. What should you do next?
Your offer has been accepted, what’s next?
Once a Sale and Purchase Agreement is signed by both parties it is sent to the lawyers on each side. We will report to you on the signed Agreement and title to the property, pointing out any potential issues. If you have conditions and need an extension, we can request this on your behalf. When it’s time to confirm your conditions, we will do this for you as well. Once all conditions are confirmed, you’re unconditional!
If you are a first home buyer using your KiwiSaver or if you are eligible for the Kāinga Ora first home grant, we will help with these documents. Come in and see us to sign the forms and we will take care of the rest for you.
If you are arranging bank financing, you will also need your lawyer to prepare and meet with you to sign the loan documents.
If you are purchasing the property in your family trust or a company we have you covered here too! We will prepare all resolutions, so the transaction will be documented correctly.
On settlement day we transfer the purchase price to the vendor and register your name on the record of title. Congratulations, you are now a property owner!
Are you thinking about purchasing a residential property?
We understand that there is a lot to think about when purchasing a property and it can be a stressful experience. At Collins & May, we are here to ensure the process is enjoyable and exciting, and of course to answer all of your questions along the way.