Collate Your Requirements
- Prepare a short list of preferred areas that suit your lifestyle. Keep in mind affordability and accommodation requirements.
Research sales in these preferred areas using your local Bluebook, searching our website or contacting Alison Carter.
- Inspect every property and attend any auctions in your preferred area so you have a feel for the price.
- Ask! Seek advice from Alison Carter – Alison will be able to
offer additional advice and also alert you to new listings before they
reach the media.
Know Your Financial Capacity
Speak with your Mortgage Express Home Loans specialist or
financier to arrange the best loan to suit your needs. See below for Sue
Clydesdale of Mortgage Express contact details.
When you find a property that suits your requirements, ask
Alison to send a copy of the sale contract to your solicitor or
We recommend that you arrange a building inspection to cover any
potential flaws in the property.
Following your solicitors or conveyancer’s advice on the sale contract,
and taking into consideration the building report, you are now able to
make an informed decision on proceeding with a property offer through
the sales consultant.
If purchasing property in Christchurch, it is advised to consider the following;
a geo-tech report. This involves geo-technical engineers completing an
assessment of the ground on which the property is built. They will
consider issues such as the solidity of the ground and the risk of
- It is advised to have your agreement conditional upon you being
able to obtain insurance on the property. At the moment a mortgage is
contingent on obtaining insurance. It is common to try and take over the
existing Vendors insurance policy by transferring the cover at
- You should ensure you can take an assignment of the Vendor’s
Earthquake Commission (EQC) claim so you can deal with EQC when you own
the house. This condition is now a standard condition in the Sale &
Purchase Agreements in Canterbury.
Once negotiations have been finalised, you will be required
to sign a Sale & Purchase Agreement and pay a deposit (typically
10%), which will be held in a trust account until settlement.
Your solicitor or conveyancer may request that you have a
pre-settlement inspection. This is to ensure that the property is in the
same condition as when you last inspected it and that all inclusions
are as the contract you signed.
If you are buying for investment purposes you may wish to have
your property professionally managed. Our Grenadier Accommodation
Centre has over 20 years’ experience in managing rental property and
would be happy to assist you. Please “click here”
for their contact details.
Please note, the information above is intended to be a general
guidance only and therefore we encourage you to obtain your own expert
advice when purchasing your property.