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flag New Zealand’s property boom prompts warnings to buyers to conduct thorough due diligence before purchasing.

flag As New Zealand’s spring property market heats up, the Real Estate Authority urges buyers to prioritize due diligence amid rising activity. flag Chief Executive Belinda Moffat warns against impulsive decisions, highlighting that only a minority obtain key documents like inspection reports, Land Information Memorandums, or legal advice. flag The REA stresses the importance of property inspections, council and title checks, and early legal consultation to uncover hidden issues like structural faults or insurability risks. flag Buyers of new or off-the-plan homes must understand consenting processes and warranties. flag Agents are required to disclose known defects and allow time for independent advice. flag The REA promotes free resources like Settled.govt.nz to support informed, secure transactions.

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