3 Researching the property Making an offer Do your homework When you’ve found the property you want to buy, it’s important to find out as much as possible before you make an offer. Understand the multi-offer process If another buyer also puts an offer on the property you want, it becomes a multi-offer process. Ask the agent to clearly explain the process and make sure you talk to your lawyer. Ask for a title search A record of title is essential. It is specific to the address you are looking at and will tell you if there are any restrictions against the property. Understand issues and hazards Doing your homework means you can make informed decisions, for example, you’ll learn about the neighbourhood and what kind of natural hazards might happen in the area. Understand the offer process The offer process will vary depending on the method of sale. Learn about the different methods of sale. You may repeat the offer process several times before you are successful. Don’t make an offer on a property before seeking legal advice. Use settled.govt.nz’s Property Checker Tool It may take a while to find the ideal property. Doing your homework means you can make informed decisions.
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