How to Buy – Step 1 of 3 – Legal Agreement

To buy a property in New Zealand, you must use a written Agreement for Sale and Purchase of Real Estate. This is a legally binding contract between the buyer and the seller that outlines all the terms and conditions of the transaction.

Price

$USD = $840,000

$NZD = Price $1,450,000

$AUD = $1,255,000

Crypto

USDC = $840,000

USDT = $840,000

Key Points About the Agreement:

It includes:

Names of buyer and seller
Property address and title type (e.g., freehold)
Purchase price and deposit amount
Chattels included (e.g., appliances, curtains)
Conditions (e.g., finance approval, building inspection, LIM report)
Settlement date (when the buyer pays and takes possession)

The agreement becomes unconditional once all conditions are met.

It is typically based on the standard form developed by the Auckland District Law Society (ADLS) and the Real Estate Institute of New Zealand (REINZ).

You should always:

Get legal advice before signing
Review all clauses carefully
Negotiate terms if needed