Understanding the Sale & Purchase Agreement when buying a home
A sale and purchase agreement is a legally binding contract between you and the seller.
You must sign a written sale and purchase agreement when you buy a property. It sets out all the details, terms and conditions of the sale — this includes things such as the price, any chattels being sold with the property, whether the buyer needs to sell another property first and the settlement date.
You can negotiate the conditions in a sale and purchase agreement.
We as real estate agents help you and the seller to include the conditions you both want. Even though the we work for the seller, we also have to deal fairly and be transparent with the buyer.
We can’t withhold any information, and we must tell you about any known defects with the property.
Always check your sale and purchase agreement with a lawyer or conveyancer before signing. You need to read and understand the agreement before you sign it.
Before you sign a sale and purchase agreement, we must give you a copy of the REA New Zealand Residential Property Sale and Purchase Agreement Guide. We must also ask you to confirm in writing that you’ve received it.
A sale and purchase agreement becomes unconditional when all the conditions are met.
A sale and purchase agreement provides certainty to you and the seller about what will happen when.
You should always get legal advice before you sign the agreement and throughout the buying process.
Want to know more about a Sale & Purchase Agreement & the clauses that can be added, have a confidential chat with me today 📱0274 951 536
Poll: Has your Kiwisaver taken a dip?
With the US tariffs ramping up and the stock market taking a hit, many are noticing a change in their Kiwisaver amounts.
If you've had a peek at your Kiwisaver balance since, have you seen it decrease?
-
88.2% Yes, it's decreased
-
10.1% Nope
-
1.8% Other - I'll share below
Show us your projects
Whether it's craft, haberdashery, woodwork or upcycling, we'd love to see what you've been working on lately.
You may even spark someone else's creativity...
Tell us about your current project or show us a picture in the comments below...
🤯 Warning: These Riddles Might Melt Your Mind! 🚀
I'm everywhere and a part of everyone.
I am at the end of space and time and existence itself.
What am I?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Loading…
