Find a Property

The Buying Process

Whether it's your first home, an upgrade, downsize or investment property, owning your own home is a dream that all Kiwis grow up with.  For most of us, it's the biggest purchase we will ever make.

It's helpful to have a process to guide us through the decision making, as it's not one most of us go through often.

WORK OUT YOUR BUDGET

Firstly you need to decide what you can afford.  Your bank or mortgage advisor will guide you as to how much you can borrow and you decide how much you are comfortable paying back.  We suggest you shop around to find the best option that works for you, as the mortgage market is a competitive business.

Remember to factor in the extras, such as legal fees, moving costs, furniture and appliance purchases into your budget.  

Your mortgage broker or bank will discuss pre-approval with you.  Pre-approval can mean you are in a better negotiating position, and may also allow you to bid at auction.  You will need to check this with your broker or bank as some pre-approvals come with conditions attached 

FIND A SOLICITOR

Before you purchase a property we recommend you obtain your own independent legal advice.  Your lawyer will ensure the correct legal processes are followed and will also check over any property reports you obtain as part of your buying process 

LET THE SEARCH BEGIN

We suggest that you create a list of the features you would like your home to have.  Try to figure out what your essentials are and what your wants are and where you are willing to compromise.   There will be lots of things you would like in a property but only a few of those will be absolutely essential.   We understand that people often buy a home which is slightly different to that which they thought they were looking for, but it is still important to create a list to begin the search. 

Everyone has their own way of finding the perfect place to call home.  Here are a few places you may like to begin the search for your next Cambridge home:

CONTACT A SALESPERSON

Every member of our Sales team has a great deal of expertise and knowledge of the Cambridge real estate market.  We also have a wide range of resources available to assist in helping you find your next Cambridge property.  Your salesperson will listen to your requirements and try to fulfil as many of them as possible.  They will keep you well informed, provide you with quality information and find appropriate properties for you to view, simplifying your search.  Find a salesperson here

OUR WEBSITE - www.cambridgerealestate.co.nz

Jump online and search for properties matching your criteria.  Properties listed on the website will have a range of features available, photos and descriptions, and floor plans.   Feel free to call to ask any questions you may have, or to make a time to visit the property with your salesperson.

OTHER GOOD WEBSITES TO EXPLORE

www.realestate.co.nz

www.trademe.co.nz

www.open2view.com

OPEN HOMES

Each week's open homes are advertised in the local Cambridge Property Guide, on our website and the others mentioned above, and on the property signboard.   We recommend that you don't arrive to view an open home right on the closing time as there is a high liklihood that the sales consultant will have another open home to move on to straight after.

MAKING AN OFFER
ONCE YOU HAVE FOUND A PROPERTY YOU ARE INTERESTED IN BUYING, YOU NEED TO ADVISE YOUR CAMBRIDGE REAL ESTATE SALESPERSON THAT YOU WISH TO MAKE AN OFFER.

Before you make an offer, we recommend that you involve your lawyer, get sufficient property checks done, and, if you are making a conditional offer, decide on the conditions.

You can put in an offer less than the asking price, however, this may or may not be accepted by the person selling.  You will need to sign the offer which will be on a Sale and Purchase Agreement form.

When you make an offer, your sales consultant is obliged to present your offer to the seller.

When you are negotiating, you will need to ensure you allow enough time to confirm your mortgage finance, and any other conditions that may be required.  Make sure that these provisions are included in the Sale and Purchase Agreement as Further Terms of Sale.

Your solicitor wll search and confirm the title to the property and ensure that all the special conditions in the agreement are satisfied.  Once these tasks have been completed, your solicitor will advise the seller's solicitor that the agreement is unconditional.

Once the agreement is unconditional (all conditions have been satisfied) you are required to pay a deposit (usually 10% of the purchase price).  This deposit is usually paid to the real estate company to be held in trust.

SETTLEMENT DAY

Settlement is the last step in the legal process and is usually tied in to your possession of the property.  This is the day when your solicitor will hand over the funds to the seller's solicitor in exchange for the Transfer of Title, meaning you now have legal ownership of your new home.

Keys will be held at Cambridge Real Estate with your salesperson and we will only release them to you upon written confirmation from the sellers solicitor that your property has settled.

Congratulations!  You're now a home owner.

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Contact Us

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