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 = $860,000
$NZD = Price $1,450,000
$AUD = $1,200,000
Crypto
USDC = $860,000
USDT = $860,000
Key Points About the Agreement:
It includes:
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Names of buyer and seller
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Property address and title type (e.g., freehold)
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Purchase price and deposit amount
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Chattels included (e.g., appliances, curtains)
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Conditions (e.g., finance approval, building inspection, LIM report)
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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:
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Get legal advice before signing
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Review all clauses carefully
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Negotiate terms if needed