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Sales Process
Deadline Private Treaty (unless sold prior)
Deadline Private Treaty (unless sold prior) is a method of buying a property through a process of private and confidential offers made by a deadline.
Summary of important things to know • If a property is being sold by deadline sale, the seller sets a date and buyers can make an offer at any time before that date. The seller may indicate a price, and buyers can offer more or less than that price and see if the seller is open to negotiation. • Buyers can attach conditions to their offer such as an offer expiry date, making the offer subject to a property inspection report, a valuation or approved finance or selling another property. • Sellers can also attach terms and conditions to the sale, for example, the settlement date and which chattels will be included. • A deposit is paid either on acceptance of the agreement by the seller or on the agreement becoming unconditional (depending on the terms of the offer). • The remainder of the purchase price is due on settlement day (when the property is scheduled to change ownership). Check the settlement date and make sure you have all your finances and other arrangements in place before then. • If there is more than one offer, the sale may become a multi-offer process.
Please note: • The property is being marketed for sale by Deadline Private Treaty (unless sold prior) and the Vendor reserves the right to sell the property, or withdraw the property from the market, prior to the deadline date. • There may be more than one respective purchaser interested in purchasing the property and/or more offers may be received • The Vendor has the right to accept or reject any offer and has the right to counter offer and/or negotiate with one (or more) prospective purchaser(s) to the exclusion of other purchasers • The terms and conditions of your offer will remain confidential to you and the salesperson drafting the written agreement • It is advised that prior to signing a Sale & Purchase Agreement for the subject property you seek further legal advice or seek further advice from the Real Estate Authority www.rea.govt.nz and that you take adequate time to consider the contents of the agreement • If your offer is accepted you are legally bound by the terms and conditions of the sale and purchase agreement document.
Registering your interest If you are interested in submitting an offer for the property, please formally register your interest with one of the brokers below:
