BUYING TIPS from Ray White Tuakau
Buying a house is a very exciting time, especially if it is your first home. Excitement, pleasure and pride are some of the many and various emotions at the fore when looking for THE Home, your first Home, your next Home or an investment property.
Ray White Tuakauand its family are focused on helping you to find that Home. The right one, for you. Choosing the right Home comes down to knowing what you need; what you can afford and of knowing exactly what’s available at the time you are ready to buy. That’s when Ray White Tuakaucan bring to bear their local on-the-ground knowledge to get you there.
Knowing what you need;
Although it seems obvious, the type of home you buy should reflect the lifestyle you are planning on having in your future. So think about such aspects as how many will be living in your Home, proximity to local amenites and services including the all important schools (Tuakau boasts several schools, please see the ‘About Us‘ menu detailed coverage on what is on offer), the sorts of work and leisure activities you would like to enjoy (again, please see the ‘About Us‘ menu for information on local groups, activites and sports clubs) and the length of time you expect to be living in the Home.
Knowing what you can afford;
A talk with your Bank Manager or with our Loan Market Mortgage broker,Keith Jones, to pre-determine your budget level and perhaps if it is possible, to obtain pre-approval from the lending institution prior to venturing out ‘to buy’. This will put you in a position whereby you are able to make that offer on a Home and move quickly should circumstances require to secure the property you want.
Knowing what is available;
Newspapers, real estate publications, real estate offices and the internet are all good places to commence your search as to what is out there for sale. Our Ray White websites are updated continually throughout the day with the very latest in listings to the market. Each week we post a list of ‘Open Homes’ for the coming weekend. Make contact with an agent from our office, we all have big ears to listen and we make sure we understand exactly what your needs are, by making personal contact with us here in Ray White Tuakau you can insure that you are the first to know of Homes that will be coming onto the market.
By making contact with us here at Ray White Tuakau and allowing us to build a relationship with you, we can provide you with links to the latest listings saving you valuable time and put you ahead of the pack.
Knowing local values;
Research sales in the areas you are looking to buy in and maybe attend any auctions of properties to help establish current values. Or alternatively for the Tuakau and Districts region, call us here at Ray White Tuakau and have a talk with one of our people, we can supply you with sales information to help you build a knowledge bank about our village and region.
You’ve found your perfect Home;
When you have found the perfect Home for you, or property that suits your requirements, as the agent for sales statistics of similar properties in the area. If the property is to be auctioned, obtain a copy of the Auction Agreement and send it on to your solicitor. Remember, when purchasing at auction, you must pay a 10% deposit on the fall of the hammer.
We suggest that purchasers arrange a Building Inspectionprior to purchase and also obtain a copy of the LIM report.
We also recommend you organise an Independent Valuation. For a list of trusted valuers in the Tuakau and Districts region, please contact this office and we can supply you with contact details for Registered Valuers in our area.
To comply with the Real Estate Agents Act 2008, you will be given a guide, approved by the independent Real Estate Agents Authority entitled ‘New Zealand Residential Property Sale & Purchase Agreements Guide’. This guide explains the process, and includes that it is advisable to obtain advice from your lawyer. You will be required to sign an acknowledgement that you have received this guide prior to signing an offer. This will also occur is you wish to make a bid at auction.
Concluding a Sale;
Once you offer has been written up and negotiations are finalised you will sign a ‘Sale & Purchase Agreement’ and pay a deposit; usually 10% of the sale price. Copies of the contract will be sent to your solicitor and yourself.
*If the property you wish to buy is going to be auctioned, please got to our Guidelines for purchasing at an auctionpage and familiarise yourself with how this would work and your obligations.
This is when ownership of the property is transferred to you and financial transactions are completed. Prior to settlement day we recommend you request a pre-settlement inspection of the property to ensure nothing has changed in its status since purchase and agreed chattels are in place and in working order. Once all settlement procedures have been finalised the keys will be released to you
Congratulations….the Home is now yours