|
For those who reside in the Bay OF Plenty or anywhere around New
Zealand the first call when buying or selling properties should be to contact a Member of The Real
Estate Institute of New Zealand MREINZ or an agent Licensed under the REAA 2008..
In the Bay of Plenty the agent may have mreinz tauranga after the
company name. An agent will have Licensed under the REAA 2008 on his or her advertising.
The Institute's Code of Ethics and Codes of Practice is available on the REINZ
website. The REINZ Codes of Practice include the Auction Code of Practice, the Tender Code of Practice, and the Residential Property Managers Code of Practice. The Institute also has some
excellent information on their website for vendors and buyers.
At the time of writing this websites showed Members of the REINZ
including:
Tozer real estate ltd MREINZ and Tauranga First National.
Eves agents are Licensed under the REAA 2008 as are Bayleys real estate Tauranga, Claridges real estate Tauranga, Lovell real estate Tauranga, Vosper Realty, L J Hooker, Ray White Papamoa,
Harcourts, Professionals, Welcome Bay, Duncan Realty Ltd, PGG Wrightson, Ross Cooper
and
others.
The Real Estate Agents Authority
REAA publish two very useful booklets designed to help anyone involved in a property
transaction. The booklet are the "New Zealand
Residential Property Sale and Purchase Agreements Guide" and the "New Zealand Residential
Property Agency Agreement Guide." Ask your agent for
a copy.
Quick Tip: The main thing when buying investment properties is not
to be driven by emotion. Don’t be in too much of a hurry or be over-eager to close the deal and
sign the contract. It usually pays to have a couple of experts you can call on if you are unsure of
how much work might be required to bring an undervalued property up to the required
standard.
Finding an undervalued property is only one part of the equation,
the potential profit can quickly disappear in unforeseen building repairs, plumbing, electrical
work, replacement of fixtures and fittings, landscaping, legal costs...the list goes on.
When negotiating a property deal both the investor and
the vendor can come under a lot of pressure. If you have done your research and
investment maths in advance, you'll know exactly how much you can afford to pay. The pressure can
come off you, because you know your limits and won't be pressured into accepting something that is
not in line with your investment budget. Remember too, just because an investment property is
undervalued doesn’t mean the seller is resigned to getting the short end of a deal.
Disclaimer: The owners of this website are not MREINZ
members or associated in any way with REAA or REINZ. You would need to contact the agent
leasing this website to ask if he or she is Licensed under the REAA 2008.
|
