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
Navigating the NZ property market is easier with this guide to essential real estate terms. It defines key sale methods like Auction, Deadline sale, and Tender, and explains the importance of a legally binding Sale and purchase agreement.
Financially, you'll learn about LVR (Loan to Value Ratio) and DTI (Debt to Income Ratio) which affect borrowing. The guide also covers crucial due diligence, such as reviewing a LIM report, and different ownership types like Freehold and Cross lease.
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Knowing a thing or two will make buying property easier.
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