How do I make an offer on a house in Levin?

What am I agreeing to when I make an offer?

When you make an offer, you do it through a sale and purchase agreement. The Real Estate Authority describes it as a legally binding contract between you and the seller. That is why it is worth reading it fully, and asking your lawyer to read it, before you sign.

What should I sort out before I make an offer?

Confirm your finances and make sure you understand the agreement and the method of sale. If you have a conditional pre-approved home loan, you will need to confirm the loan before your offer goes unconditional, so your lender needs to be part of the plan from the start.

Does the sale method change how I make an offer?

Yes. The way you offer depends on how the home is being sold:

• Auction: the highest bid wins once the seller’s reserve price is reached. See our guide to buying at auction in Levin.
• Tender: you submit a confidential written offer before a set closing date.
• Deadline sale: the home is marketed for a set period with an advertised end date.
• Negotiation: there is no end date, and offers are based on what buyers think the property is worth.

What if more than one buyer makes an offer?

When more than one buyer makes a written offer on the same property, it is called a multi-offer situation. Ask the salesperson how it will be handled before you submit, and make sure your offer is one you are comfortable standing behind.

What checks should I make first?

An offer is much easier to make when you already understand the property. Order its LIM and read it carefully; our guide to LIMs and natural hazards in Levin explains what to look for. Our buying guide covers viewings, property checks and moving day.

Browse current Levin properties for sale and contact the salesperson named on a listing to talk about your next step.

Source: Settled.govt.nz, Making an offer (Real Estate Authority).