Buying guide
Property due diligence in NZ: what to check before you buy
Understanding this essential step in your property journey.
AI summary
Due diligence is the essential research you do before buying a property to avoid costly surprises and make an informed decision.
Key checks involve reviewing important documents with your legal expert, including:
- A LIM Report for council information and risks
- A Builder's Report for structural integrity
- The Report of Title for ownership details
It's also vital to research the area, check council rates, and confirm your finance pre-approval is in place before making an offer.
What is due diligence and why does it matter?
Builder's reports can give you crucial information about the state of the property.
Your due diligence checklist
Questions to ask yourself:
Key documents to review
LIM Report (Land Information Memorandum)
Builder’s report
Valuation report
Report of Title
Property file
Don’t forget the finance side
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