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 glossary of essential real estate terms. It clarifies different sale methods like Auction, Deadline Sale, and Tender, helping you understand your options as a buyer or seller.
The guide also explains property ownership types such as Freehold, Cross lease, and Unit Title (with a Body Corporate). You'll learn crucial financial concepts including LVR (Loan to Value Ratio) and the OCR, demystifying the language used by agents and banks.
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Knowing a thing or two will make buying property easier.
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