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 can be confusing. This glossary explains key real estate and mortgage terms to help buyers and sellers understand the jargon.
It covers different sale methods like Auction, Deadline Sale, and Tender, plus ownership types such as Freehold and Cross lease.
You'll also learn about crucial financial concepts like LVR, DTI, and the Official Cash Rate (OCR), along with essential documents like a LIM report, ensuring you are well-prepared for your property journey.
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Knowing a thing or two will make buying property easier.
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