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
Clear out your books!
The annual Rotary Book Sale is on again, Sat 28th Feb and Sun 1st March. We need books to sell - also art, jigsaws and music. Proceeds go to a range of local activities inc.uding K Vallet conservation, Riding for the Disabled, and Foodbank.
Drop off points are:
Farmlands Tauriko and Te Puna
Wet&Forget, Chapel St
Caltex Greerton, Bayfair and Katikati
Z Energy, 11th Ave
Philips Garage, Fraser St
BP Delta, Cherrywood
Villa 71, Bob Owens Village, Bethlehem
Bunnings on Cameron Rd
20 Ririnui Place, Maungatapu
Papamoa Sports & Rec Centre, in Gordon Spratt Reserve
The Coffee Club, Omokoroa
Challenge Service Station, Omokoroa
Ready to make the most of retirement?
From hobbies to adventures, there’s so much to enjoy!
- Explore new hobbies like gardening or painting
- Stay active with walking groups or cycling trails
- Learn something new with online courses or local classes
- Give back through volunteering or mentoring
Read the full article and take our fun quiz to find out which activities suit your personality best below!
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.6% For. Self-service is less frustrating and convenient.
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43.6% I want to be able to choose.
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46.9% Against. I want to deal with people.
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