18 Solway Crescent, Masterton

Property Information 18 Solway Crescent, Masterton Deadline Sale (unless sold prior)

18 Solway Crescent, Masterton Property Description

Solway Starter Or Investor Nestled in Solway location, this delightful three-bedroom home offers the perfect blend of comfort, convenience, good spaces and north facing.

A wood burner to keep you toasty in winter. Situated within close proximity to a host of new amenities including Harvey Norman, cafes, and the esteemed Solway Copthorne. This property presents an ideal opportunity for a variety of buyers.

Generous section space, double garaging and carport offering additional storage space for all your belongings.

Ideal for a first home buyer, those seeking a second property, investors, or small families embarking on a new chapter. Call Shari Smith on 02102707764 today for your appointment to view, or call into the Open Home.

Deadline offers on the 14th March 2024 at 2:00pm at Tremains, Masterton (unless sold prior)

Legal description 18 Solway Crescent, Masterton

3

1

2

Legal Estate

Freehold

Legal/lot/flat/unit/legal DP

Lot 3 - 80869

Legal description

Being more particularly described in the attached Record of Title.

Legal Unique Identifier or CT

WN47B/815

Land area

794 sq m

Garages and/or Carports

2

Rateable value

$460,000

Land value

145000

Improvements

315,000

City Council Rates

$3,444.10

Chattels

Blinds, Curtains, Dishwasher, Fixed Floor Coverings, Garden Shed, Laundry Tub, Light Fittings, Rangehood, Stove

Age

2000-09

Disclosure The material supplied is passed to you on behalf of the vendor and in no way does the vendor or the vendors agent accept any responsibility for the veracity of the information. The information does not purport to contain all information that a prospective Purchaser may require. The purchaser is advised that after reading the information contained, they should seek legal and professional advice from the purchasers own advisors and are further advised to check with the originators of the material that the information is complete and correct. This LIM or any other reports should be in the purchasers own name if they want to have any recourse against the issuer/provider or any other persons for omissions or errors that have been relied upon. Neither the vendor or the vendors agent make any representation or warranty as to the accuracy or completeness of the information contained.

What you need to know

18 Solway Crescent, Masterton RECORD OF TITLE UNDER LAND TRANSFER ACT 2017 FREEHOLD Search Copy

WN47B/815 Land Registration District Wellington Identifier

Date Issued

13 October 1995

Prior References WN580/14

Estate Area Legal Description

Fee Simple 794 square metres more or less Lot 3 Deposited Plan 80869

Registered Owners Georgina Margaret Petrie Frazer Interests Subject to rights to water supply, electricity and telephone over part marked B on DP 80869 specified in Easement Certificate B491907.2 - 8.12.1995 at 1.46 pm The easements specified in Easement Certificate B491907.2 are subject to Section 243 (a) Resource Management Act 1991 9782770.2 Mortgage to Kiwibank Limited - 17.7.2014 at 1:56 pm

Transaction ID 2457622 Client Reference jpaine001

Search Copy Dated 08/02/24 9:34 am, Page 1 of 2 Register Only

Identifier

Transaction ID 2457622 Client Reference jpaine001

WN47B/815

Search Copy Dated 08/02/24 9:34 am, Page 2 of 2 Register Only

Deadline process guidelines Selling by Deadline has become a very common method of sale for residential property.

Two Types of Deadlines

The information below is provided as a general

If it can be sold prior to the advertised deadline it will

overview of the deadline process.

say “unless sold prior”. If it cannot be sold prior to the

Tremain Real Estate advise both vendors and purchasers to seek independent legal advice regarding

Commonly referred to as either an Open Deadline or a Closed Deadline. Marketing materials must make it clear if the property can be sold before the deadline.

advertised deadline it will say “no offers prior”.

•

If a purchaser has an interest in a property that is

deadlines. Purchasers should seek legal advice prior to

advertised for sale by Deadline (unless sold prior),

submitting an offer.

purchasers may register their interest with the agent and ask to be kept informed if someone else makes an offer. The agent has a duty to that purchaser and they would have the option of

Buying or Selling by Deadline

making an offer at the same time.

•

In the instance of a pre deadline offer, a purchaser

Buying or selling by deadline is when prospective

would advise the agent of their desire to submit

buyers submit confidential written offers for a property

an offer prior to the closing date. The agent has a

to the agent on (or before) an advertised day and time,

fiduciary duty to their vendor to advise all potential

for the seller’s consideration. Selling by deadline allows

purchasers of the same.

all potential purchasers the same opportunity to make

•

Should any other purchaser also wish to submit a

an offer at the same time. Purchasers do not know what

written offer, then the agency will set a deadline

other people are offering in advance of the deadline.

and allow all purchaser’s the same opportunity

The agent will present all offers to the seller at the same

to prepare their written offers for the vendor’s

time, the seller weighs up offers and conditions and

consideration.

decides which, if any, they want to accept. The seller can reject all offers. There is no reserve price (the lowest price the seller is willing to accept) but there may be a price guide provided by the agent through the period of marketing. Buyers are free to form their own opinion on value and offer as they wish.

2

•

Should this situation arise all purchasers will be advised they are in a Multiple Offer situation and will be required to sign a Multiple Offer form, an acknowledgement to this effect.

The Deadline and Sale & Purchase Agreement Documents

•

offer on a legally binding agreement ‘Agreement for Sale and Purchase of Real Estate’ which includes the price, deposit amount and any conditions

The salesperson prepares the sale & purchase

attached to the offer.

agreement documents.

A purchaser should ask the agent for a copy of these documents. Read them carefully, including conditions inserted by the vendor, or amended clauses.

Purchasers are encouraged to submit their best

•

Purchasers have the right to include conditions in favour of the purchaser on the sale and purchase agreement document. Take advice from the agent and through a lawyer. Understanding that while price is paramount, less conditions or cleaner conditions, will also be more favourable to the vendor.

A Vendors Rights at Deadline Sale •

The vendor has the right to accept any offer submitted.

•

The vendor has the right to reject all offers submitted.

•

Under a deadline sale situation there is no assurance given that the vendor will negotiate.

The vendor may choose to negotiate with one preferential offer, to the exclusion of all others after their opening .

To be clear - the vendor can negotiate with one party and one party only. The agent will be instructed to negotiate with one party. If agreement cannot be reached with the preferential offer, the vendor can then ask the agent to negotiate with another offer. The vendor has the right to dismiss all offers. They could ask for a new deadline to be set and allow all purchasers a further opportunity to reconsider their position.

> Once a deadline is accepted

> If a deadline is rejected

The purchaser is now in contract with the vendor (Under Contract) and can work through any conditions towards achieving an unconditional contract and settlement.

The prospective buyer is under no legal obligation and free to pursue other purchase options. Any deposits will be returned.

3

Shari Smith

021 027 07764

Notes

shari.smith@tremains.co.nz

Bringing people and property together

tremains.co.nz Tremain Real Estate Wairarapa Ltd. Licensed Agent REAA 2008.