{"id":1846,"date":"2024-10-01T00:50:55","date_gmt":"2024-10-01T00:50:55","guid":{"rendered":"https:\/\/mortgageatoz.co.nz\/staging\/?p=1846"},"modified":"2024-10-11T12:02:39","modified_gmt":"2024-10-11T12:02:39","slug":"how-to-put-in-an-offer-on-a-property","status":"publish","type":"post","link":"https:\/\/mortgageatoz.co.nz\/staging\/how-to-put-in-an-offer-on-a-property\/","title":{"rendered":"How to Put in an Offer on a Property"},"content":{"rendered":"\n
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When you find a house in your price range that ticks all or most of your boxes, you may be ready to put in an offer. <\/p>\n\n\n\n

This needs to be formally written up on a sales and purchase agreement, although some real estate companies have other processes.<\/p>\n\n\n\n

You would normally do this by contacting the real estate agent and setting up a time to write up an offer with them, or alternatively requesting a copy of the sales and purchase agreement and writing your offer up with your lawyer. <\/p>\n\n\n\n

Getting your lawyer to look through the contract before you sign it can be advised, as it is a legal contract.<\/p>\n\n\n\n

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<\/span>A Conditional Offer \u2013 this is most common<\/em><\/strong><\/span><\/h2>\n\n\n\n
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You do this when you still have some due diligence to complete before you can ensure this is still the right property for you.<\/p>\n\n\n\n

Waiting to complete your due diligence until you\u2019ve had an offer accepted can be more time and cost effective. <\/p>\n\n\n\n

The conditions you put in your offer give you opportunities to exit the agreement if you can\u2019t satisfy these in time. <\/p>\n\n\n\n

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The less conditions you put in an offer the more attractive it can be and vice versa.<\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n

If you need a mortgage to buy the property, you must put finance in as a condition. Even though you might already be pre-approved, the bank must also approve the property you are buying. This could involve a registered valuation or other reports before they approve of the property.<\/em><\/p>\n\n\n\n

I usually recommend my clients put these 3 conditions in their offers,<\/p>\n\n\n\n