Buying guide
Property due diligence in NZ: what to check before you buy
Understanding this essential step in your property journey.
AI summary
Due diligence is the essential process of checking a property before you buy to avoid costly surprises. It involves personal research into the area and affordability, alongside reviewing key documents with your legal expert.
Essential checks include a:
- LIM Report for council information on consents and risks.
- Builder's Report to identify structural or maintenance issues.
- Valuation Report to assess market value.
- Report of Title to confirm ownership and land restrictions.
Securing finance pre-approval is also a critical part of this process.
What is due diligence and why does it matter?
Builder's reports can give you crucial information about the state of the property.
Your due diligence checklist
Questions to ask yourself:
Key documents to review
LIM Report (Land Information Memorandum)
Builder’s report
Valuation report
Report of Title
Property file
Don’t forget the finance side
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