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 38 essential real estate terms. It defines key sale methods like Auction, Deadline Sale, and Tender, and explains property ownership types such as Freehold and Cross lease.
You'll also understand crucial financial concepts including LVR (Loan to Value Ratio), DTI (Debt to Income Ratio), and the OCR. The guide clarifies important legal processes like the Sale and Purchase Agreement, LIM reports, and Settlement, empowering you for your property journey.
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Knowing a thing or two will make buying property easier.
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