UNDERSTANDING THE SELLING PROCESS
A simple explanation of the various stages of the selling your property.
In all parts of New Zealand the process of selling property is regulated by legislation and follows a regular pattern.
Initially you must seek a property appraisal, whereby an agent inspects the house or apartment and talks you through the overall process.
Once this formal inspection is completed, the agent will discuss your preferred method of sale and an advertising strategy with you.
In conjunction with your agent you will be required to sign an agency agreement detailing all of the relevant property information from which the agent can produce a pro-forma Sale and Purchase Agreement.
It is vital to promote the dwelling to the best of your ability and resources - take appropriate photographs, ensure signage is clear and well attached and engage in local marketing online, as well as newspapers and real estate agent windows. Your property should also appear on the agent's database.
The next step is to allow plenty of notice regarding inspections times for the property where possible.
Details about all attendees should be recorded, along with a full list of comments and feedback.
One of the most important aspects of the process from your point of view is negotiating the sale - you will be seeking the best price and conditions from an interested buyer.
Upon reaching an agreement by both parties the sale and purchase agreement would be delivered to both parties and their solicitor. Your Harveys' Agent will assist the purchaser to work through their conditions; ie; building inspections, sale of a property etc. The deposit would also be paid under the agreed terms of the sale and purchase agreement.
When the property is declared unconditional in all respects, a sticker is placed on the sign outside the property to indicate that it is no longer available. All parties confirm that their agreement has settled so that the keys can be transferred to the new owner on the settlement day.
Eventually the new owners move into the property and the sale process is officially completed. Don't forget to have a look at the simple process checklist we have provided.