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Buying property in New Zealand
When you move to a new country, purchasing a property can help you feel settled.
AI summary
Buying property in New Zealand involves several key steps. Generally, only residents and citizens are eligible to buy, though some exceptions apply. The process varies by sale method, and an accepted offer is legally binding.
It's crucial to research potential issues, including:
- Leaky buildings (built late 1980s to mid-2000s)
- Problem materials like Dux Quest piping
- Natural hazards, which can be checked via a LIM report
Always assemble a support team of professionals like lawyers and property inspectors for expert guidance.
Who can buy property in New Zealand?
The New Zealand property-buying process
When your offer is accepted, you must buy the property
Types of land ownership and housing styles
New Zealand building issues to be aware of
New Zealand’s natural hazards
What you can expect from a real estate agent
Professionals who can support you through the process
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