Selling
How does Prestige achieve the best price?
We've developed a proven sales system to maximise the return on your home. It
starts with understanding your goals in our first meeting, and discussing ways
to increase your home’s value and present it in the best possible way. Every
detail can make a difference.
What to know before selling a property?
Selling a property is a complex legal process and a very significant financial
transaction – so it is essential that you find out as much as possible about
the process before you begin.
Get a lawyer before you set out to sell your property - selling can be a fast-moving process
and you will need independent legal advice.
Check if an agent is licensed and has had any complaints upheld against
them - You can search the REAA online public register of licensed
real estate agents to see if your agent is licensed and whether they have had
any complaints upheld against them.
Once you have selected an agent to market your property they will ask you to
sign an agency agreement. This is a legally binding contract and you should
consult your lawyer before signing it. Your agent must recommend that you get
legal advice before signing an agency agreement. You will also be asked to provide proof of identity information so the agent can complete due diligence - these may include asking for copies of your drivers licence, passport, rates notice etc. For more information on AML/CFT click here.
Your agent must also give you a copy of the Agency Agreement Approved Guide
before you sign the agency agreement and ask you to confirm in writing that
you have received it. We recommend that you read this guide before
meeting with agents and choosing which agent(s) you wish to deal with.
Read the Agency Agreement Approved Guide
Auction
Is it best to sell at auction?
We have found public auctions to be highly effective, especially when there
are competing buyers. Emotional engagement and competitive tension can lead to
a higher result. Your alternatives include a private treaty sale, or public
tender. Your Prestige estate agent can advise you on the best method for
selling your home.
Buying
What to know before buying a property?
Buying a property may be the biggest financial transaction you will ever be
involved in, with potentially significant costs if it goes wrong, so find out
as much information as you can about the buying process – even before you
start looking at properties
Get a lawyer before you start the buying process - When you make an
offer on a property you will be asked to sign a sale and purchase agreement.
This is a legally binding contract and the process can move very fast – so get
prepared.
Most overseas people are not able to purchase property in New Zealand - check you meet the required criteria here.
Read more about making an offer.
Read the REAA guides and information sheets
A wide range of information, including guides and information sheets, is
available on the REAA website to help guide you through the buying process.
We recommend that you read this information before you start looking for a
property. Key information about the buying process can be found on the website settled.govt.nz and the Sale and Purchase Agreement Approved Guide (.pdf 551KB).
Agents must give you a copy of this before you enter into a sale and
purchase agreement – but we recommend reading it before you begin the buying
process.
You can ask the agent anything you want to know about the property and they
can’t withhold anything they know. However, you shouldn’t rely only on their
information and you should do your own research. Consider getting a property inspection report, Land Information Memorandum (LIM), and a title search
Depending on the property, other things to consider getting checked out are:
weather tightness issues; possible p contamination; the condition of plumbing
and wiring etc.
Make sure you understand the different methods of buying and selling
properties in New Zealand - these include sale by advertised price, by
tender, auction, Buyer Enquiry Over (BEO) or Buyer Budget Over (BBO).
Read more about different methods of buying and selling a property