BUYING YOUR NEW HOME
Find Your Perfect Home
No matter your budget, we have the perfect home for you. Team Sodhi will be with you every step of the way, from helping you narrow your search to guiding you through the negotiation process. Contact us to get started, and get ready to experience what other buyers have been saying is the easiest way to buy a place!
WORK OUT YOUR BUDGET
GET PRE-APPROVED FOR A HOME LOAN
It’s important to find out how much money you can borrow. You can find this out from your bank or financial institution. They can then decide if they can offer you a pre-approval. This is when a bank, financial institution or building society, agrees, in principle, to lend you a certain amount of money.
You can contact a mortgage broker or your bank about this.
FIND A SOLICITOR
Before you purchase a property, we recommend that you get your own independent legal advice.
Your lawyer will make sure that all the legal processes are followed and they can also check over property reports, such as Land Information Memorandums (Council LIM reports) and titles.
And then your search begins. Everyone has their own way of searching, whether it be online, using an app or contacting a salesperson. You can download our free app for iPad to search for properties near you or search on our website - we have thousands of properties for sale, with hundreds of new listings every month.
All our listings appear on both Barfoot.co.nz and Realestate.co.nz.
INSPECT THE PROPERTY
It's always a good idea to give the house you're interested in a once over. Check out our property inspection checklist for some helpful tips on what to look for during a property viewing or open home.
GET YOUR PROPERTY CHECKED OUT
Before you purchase a property, we recommend that you consider viewing or commissioning specialist reports, such as a Land Information Memorandum (LIM), and builders and engineers reports.
MAKE AN OFFER
Before you make an offer, we recommend that you involve your lawyer, get sufficient property checks done and, if you're making a conditional offer, decide on the conditions.
There are two types of offers:
Unconditional - a straightforward offer to buy according to the terms set out in the contract
Conditional - when your offer to buy has conditions attached, for example, arranging finance or being satisfied with a building report you arrange.
If you’re buying at auction or making a pre-auction offer, you can only make an unconditional offer.
IF YOUR OFFER IS ACCEPTED
Your offer is accepted once all parties have agreed to the terms, including price and deposit, and the contract agreement has been signed by all parties.
If the agreement is conditional, any conditions need to be satisfied by the due date. It is the buyers' responsibility to satisfy those conditions. Once the conditions are met, the offer becomes ‘unconditional’.
Once an agreement is unconditional, neither the buyer or the seller can change their mind, and the buyer must pay the rest of the purchase price on the settlement day
Deposit payments are made by the buyer to the real estate agency, which is required by law to hold the money in an audited trust account, only releasing it to the seller when legally authorised to do so
We’ll work with both solicitors and will let you know once the deposit has been transferred.
Read our purchase to possession guide to find out more about what you need to do after you have signed the Sale and Purchase Agreement.
Settlement day is the date on which you pay the balance for the property. Usually, it is the same date as the date you get possession - the keys - but that is not always the case.
The keys to your new property will be held at the Barfoot & Thompson office until the sellers’ solicitor advises us in writing, that the settlement has taken place.
You Bought a House
Expertise. Innovation. Sales. It's what we do at Team Sodhi, and we’re ready to bring our experience to you. Search our comprehensive listings below and find a property to call home today.