Buying guide
38 NZ real estate terms you should know
Whether you’re buying your first home or just need a refresher - this glossary will come in handy.
AI summary
This article is a comprehensive glossary of 38 essential New Zealand real estate terms, designed to help buyers and sellers understand property jargon.
It covers key concepts related to:
- Sale methods: Auction, Deadline Sale, Tender
- Ownership types: Freehold, Cross Lease, Body Corporate
- Financial terms: LVR, DTI, OCR, Equity
Understanding this terminology, from LIM reports to Sale and Purchase Agreements, empowers you to make informed decisions when dealing with agents, brokers, and lawyers.
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