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New Zealand’s property boom prompts warnings to buyers to conduct thorough due diligence before purchasing.
As New Zealand’s spring property market heats up, the Real Estate Authority urges buyers to prioritize due diligence amid rising activity.
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.
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.
Buyers of new or off-the-plan homes must understand consenting processes and warranties.
Agents are required to disclose known defects and allow time for independent advice.
The REA promotes free resources like Settled.govt.nz to support informed, secure transactions.
El auge inmobiliario de Nueva Zelanda lleva a advertir a los compradores que deben realizar una diligencia debida exhaustiva antes de comprar.