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FAQ’s Buying & Selling

What is a Real Estate Tender?

Tender is a form of marketing and selling a property through intensive advertising media designed to capture the maximum attention of buyers within a set time frame. The process is a means of purchasing/selling Real Estate through public negotiations to determine the true market value of the property at that time.

How should I approach the Tender Process?

The Tender contract, which is your offer, is filled in and then deposited at our branch office and held secure until closing time. The Tender documents are different from normal Sale and Purchase Agreements and you may wish to seek legal advice before submitting your tender contract.

Can I submit a Tender if I have to arrange finance?

A. Obviously, an unconditional, cash Tender would be more attractive to the vendor and you can organise finance prior to submitting your offer. However, do not hesitate to submit your Tender, even if conditional.

Can I submit a Tender if I have a house to sell?

Yes. There are three options –

(1) You may make a Tender, conditional on the sale of your property

(2) If you are in a sound financial position you may want to arrange a bridging loan to cover any delay in settling the property

(3) You may offer on an unconditional basis but with a longer settlement date, giving you time to sell and settle your own property.

How do I decide how much to pay?

A. Naturally the more attractive the offer the more likely the chance of having your Tender accepted. Although vendors reserve the right to negotiate with the highest, or any, Tenderer in most cases a decision is reached on the Tender day. However the vendor can have up to five working days from the closing of the tender to make a decision. For this reason, your submitted Tender should be your best offer. A combination of your own instincts, market awareness and guidance from your sales consultant will give you a good indication of price. Obviously, the price you tender is in direct proportion to your desire to own the property.

Can I buy before the Tender day?

No. Any tender received will only be considered at the close of the tender at the date and time stipulated on the tender documentation.

What contract do we sign and what are the standard conditions?

The contract is the standard Tender contract approved by the Law society of New Zealand and the New Zealand Real Estate Institute. This is available from the sales consultant. You should have read and understood the Tender documents. If you need to insert any conditions or vary the settlement date, do so. To ensure the correct wording seek assistance from your solicitor or your sales consultant. If your tender is accepted you are legally bound by the terms and conditions of the Tender contract.

Your Harcourts Sales Consultant is specially trained to assist you if you have any questions or if you require further information about Tenders.

What is a Real Estate “Expressions of Interest” (Also known as “Deadline Private Treaty” and “Set Sale Date”)

Expressions of interest is a form of marketing and selling a property through intensive advertising media designed to capture the maximum attention of buyers within a set time frame. The process is a means of purchasing/selling Real Estate through public negotiations to determine the true market value of the property at that time.

How should I approach the Expressions of Interest Process?

The sale and purchase contract, which is your offer, is filled in and then deposited at our branch office and held secure until closing time. Before submitting your offer you may wish to seek legal advice.

Can I submit Expressions of Interest contract if I have to arrange finance?

Obviously, an unconditional, cash contract would be more attractive to the vendor and you can organise finance prior to submitting your offer. However, do not hesitate to submit your Expressions of Interest offer, even if conditional.

Can I submit an offer if I have a house to sell?

Yes. There are three options

(1) You may make an offer conditional on the sale of your property

(2) If you are in a sound financial position you can arrange a bridging loan to cover any delay in settling your property

(3) You may offer on an unconditional basis but with a longer settlement date giving you time to sell and settle your property.

How do I decide how much to pay?

Naturally the more attractive the offer the more likely the chance of having your contract accepted. Although vendors reserve the right to negotiate with the highest or any offer, in most cases a decision is reached on the closing day. For this reason, your submitted contract should be your best offer. A combination of your own instincts, market awareness and guidance from your sales consultant will give you a good indication on price. Obviously, the price you offer is in direct proportion to your desire to own the property.

Can I buy before the Expressions of Interest closing day?

Yes. In most cases, you can. Please register your interest with the agent to ensure your opportunity to purchase.

What contract do we sign and what are the standard conditions?

A. The contract is the standard sale and Purchase agreement. This is available from the sales consultant. You should have read and understood the documents. If you need to insert any conditions or vary the settlement date, do so. To ensure the correct wording seek assistance from your solicitor or agent. If your offer is accepted you are legally bound by the terms and conditions of the sale and purchase contract.

Your Harcourts Sales consultant is specially trained to assist you if you have any questions or if you require further information about the Expressions of Interest process.

Business Associations

Hayden & Chrissy Marshall – hayden@thefinancemarshall.co.nz, 027 225 0500, Free, no obligation expert advice!

The Finance Marshall

We’re here to take the hassle out of finding the best home loan and insurance solution for you and we do the hard work for you – from completing the paper work to dealing with the banks and insurance companies. And what’s even better – our service is free!

Jane Barclay – jane@cslegal.co.nz, 021 555932 , fixed price advice

http://cslegal.co.nz/

Contact Chris Cooper

Email : k10limited@xtra.co.nz

Mobile: 021 721 343

Contact Cameron Shields

EMAIL : cameronshields@ihug.co.nz

Mobile: 021 855 748

Sheldons – Registered Valuers & Property Consultants

Tim McCabe – Registered Valuer

Email: – Tim@sheldons.co.nz

Telephone: – 09 929 2888

Mobile: – 0274 969 061

Farmer’s Daughter Gardeners
Mary-Clare Brownlie

Website – www.farmersdaughter.co.nz
Mobile – 021 520859
Email – info@farmersdaughter.co.nz

Let us enhance your outdoor space!

– Garden Maintenance
– Section Cleanup (all rubbish removed)
– Garage Clean-ups
– Lawns (mowing and turf-care)
– Landscape Design & Construction (fencing, decks, pergolas, patios…)
– Tree Trimming & Removal
– Pool Care

All work pre-quoted
Public liability insurance cover

Good old fashioned service.

Elsa Zhang

www.decoplus.co.nz

0508 858 585

admin@decoplus.co.nz

Mark Courtney

Mortgage Express

mark.courtney@mortgage-express.co.nz

Mobile: 027 285 6822

Freephone 0800 226 226

www.mortgage-express.co.nz/mark-courtney/

Community Efforts

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Harcourts Foundation – ‘Providing support that helps, grows and enriches our communities

Click for the Application form

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SurfLife Saving – Harcourts is proudly the primary sponsor for Surf Lifesaving in the Northern Region