Frequently asked questions around as is property in Christchurch.

‍What is an ‘as is where is sale’ ?
‍An "as is where is" sale in New Zealand, refers to a real estate transaction where the property
is sold in its current condition, with all its faults and defects, and without any warranties or
guarantees from the seller. The term "as is" means that the buyer accepts the property in the
exact state it is in at the time of the sale, and "where is" means the buyer takes possession of
the property at its current location.
No Repairs or Upgrades: The seller will not make any repairs or improvements to the
property before the sale. The buyer is responsible for any issues or defects.

What benefits are their to selling privately ? Is this even legit?
‍Selling your house privately, without the assistance of a real estate agent, can have several
benefits, This has actually been happening behind closed doors for a long period of time (but
real estate agents and lawyers don’t want you to know that..) now it is finally being brought
to light that you can in fact take control of your own sale very easily - its actually becoming
increasingly more popular to do so. Here are some of the benefits of doing so.

1. Cost Savings: One of the primary advantages is the potential to save money on real
   estate agent commissions, which can be substantial.
2. Control Over the Sale: Selling privately gives you complete control over the sales
   process, including setting the price, scheduling viewings, and negotiating with buyers.
   This can lead to a more personalized and flexible approach.
3. Direct Communication: Direct communication with buyers will lead to quicker
   resolutions, as there is no intermediary involved. This makes the process streamlined
   and transparent resulting in an over all easier sale.
4. Knowledge of Your Property: As the owner, you have firsthand knowledge of your
   property and neighbourhood, which can be advantageous when highlighting features
   and benefits to potential buyers.
5. Privacy: Some sellers prefer the privacy that comes with handling the sale
   themselves, without the involvement of multiple third parties and public open homes.
   Which can often drag on for months.
6. Potential for Higher Net Profit: By saving on commission fees and having the
   flexibility to negotiate directly with buyers, you’re likely to achieve a higher profit
   from the sale to put towards your next property or venture.

If I give my details and get an appraisal / offer am I obligated to do anything further?
‍No, our appraisal and offer process is designed to be easy, transparent, honest and fast! We
deal directly with you to get the best result. Giving your details allows us to start the process
of researching your property and make contact with you. This does not bind you to anything!s to the
property before the sale. The buyer is responsible for any issues or defects.

Why choose NZ Property Purchasers?
It’s simple! We bring a fresh adaptive new approach to this whole process. Theres no need for
this to be a stressful or difficult process. Whether you’re a seasoned property wiz or a first
time seller, we can be of assistance through this process in a way that will make you wonder
why anyone would use real estate agents at all… but most importantly to you, WE PAY
MORE! it's that simple.
While there are a lot of smoke and mirrors in this industry, we pride ourselves on
transparency. If you want a certain figure for you property, tell us and we will do our best to
make it happen. Maybe you have already received an offer from another party? There’s a
good chance we can beat it on both price and terms.
While other companies sub out repair works and builds We undertake all repair and or
development works in house that’s the key factor of why NZ property purchasers can offer
you more for your Property.

How do I know if my property is on development land?
‍There are many different types of land parcels and rules around them in New Zealand
currently, these also change often due to increases in demand for housing in certain areas of
New Zealand.
The easiest way to find out what your land is worth is to enter your address details into the
appraisal form, we can then conduct a quick search to find out your land type and what it
might be worth to different developers. This is usually generated by calculating the going rate
per square metre of land X how much land you have. For example RMD (residential medium
density)
‍
Approximate going rate $900 per square metre
Your land = 800squares
$900x800sqm = $720,000 regardless of the condition of your home.
‍
Being new build developers ourselves, this allows us to make you a cash offer for you land,
often without even having to view the property in person. Ideal if you have tenants or simply
don’t want to deal with any viewings.

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