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 requires understanding key terminology. This guide demystifies essential real estate jargon for buyers and sellers, ensuring you can transact with confidence.
It covers crucial concepts including:
- Sale methods like Auction, Deadline Sale, and Tender
- Financial terms such as LVR, DTI, and the OCR
- Legal steps involving conditional offers, the Sale and Purchase Agreement, and LIM reports
Understanding these terms helps you make informed decisions throughout your property journey.
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Knowing a thing or two will make buying property easier.
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