Disclaimer

1. In the joint interests of Vendors and Purchasers, Christchurch Real Estate Limited has a consistent practice for presenting and negotiating offers.

   1. When Christchurch Real Estate receives an offer for a property, we must first satisfy our fiduciary responsibilities to the Vendors by notifying all parties who have expressed an interest in the property:
      1. That a prospective Purchaser has submitted an offer.
      2. Of our obligation to obtain and present all available offers.
   2. It is standard Christchurch Real Estate practice to present a signed offer to the Vendors immediately on the same day or as soon as humanly possible once we receive them.
   3. A multiple offer situation is created at the exact moment that a competing offer is signed, before this any other likely offer is only a “promise to compete”. Vendors will be notified immediately of any “promises to compete” so that they can make decisions about when and how to set the parameters for a multiple offer presentation if it occurs.
   4. Where it is established that there is likely to be a “promise to compete”, second or multiple offers submitted, (while a previous offer exists in front of the vendor) a deadline time will be set with the competing purchasers based on the Vendors availability. Normally we will issue a deadline time to receive offers as early as all parties can be ready or by 3 pm on the first working day after it appears there will be multiple offers received. We are instructed by the Vendor, and they may set an earlier or later deadline. The purchaser who has the existing offer in front of the vendor will have the opportunity to make their best “one off” competing offer, as will those who have created the multiple offer situation making their first and only “one off” offer.
   5. Should any new party/parties wish to submit an offer on the property during negotiations (and before an offer is accepted), the Vendors may decide to call a halt to those negotiations and advise all parties that a multiple offer situation will now take effect.
   6. Because it is the Vendor’s decision entirely as to whether they will accept any one offer or enter negotiations with any one prospective Purchaser, Christchurch Real Estate can give no undertaking to any prospective Purchaser that they will be consulted further after submitting their offer, other than to advise them of the acceptance or rejection of that offer or notice of the existence of multiple offers (should that be the case)
2. Where there are multiple offers, we advise all prospective Purchasers that they have the best chance of having their offer accepted by the Vendor when:
   1. Submitting their best-price offer; and
   2. Completing their due diligence and investigations and enquires before making an offer to minimize or remove the offer conditions
   In the event of multiple offers for the same property, unfortunately only one Purchaser can succeed. We hope that even if they are disappointed, prospective Purchasers can appreciate Christchurch Real Estate’s efforts to maintain a “level playing field”.

3. Christchurch Real Estate also advises the following:

    

   1. That the houses and structures built, or homes that had alteration work done, between 1992 and 2005 carry a potentially higher risk than others of issues related to water ingress (referred to as leaky building syndrome). Purchasers can research leaky building syndrome further on the following websites: www.dbh.govt.nz/leaky-home-guide and http://www.consumerbuild.org.nz/publish/leaky.php
   2. Where a property has been rented for a considerable period the possibility exists that it may have been used for the use of or manufacture of methamphetamine (P) and professional testing may determine this and the level of remediation required to bring the home within NZ Health & Safety guidelines.
   3. Fixed Garden sheds/utility buildings are only exempt under Schedule One of the Building Act 2004 if they meet certain criteria and not exempted if closer than the measure of their own height from any residential building or legal boundary.
   4. That where a property has had prior building reports that Christchurch Real Estate are aware of, the salesperson will; (a) advise you of the fact; (b) pass on what information we have.
   5. That all houses and structures may have latent or known defects no matter what the age of the use or materials or design used. Only a building expert can give advice on these matters.
   6. Utilities may run through a property. Local Council and your solicitor may advise about utilities.

      It is acknowledged that any LIM report/builder’s report/title search information or other property information documents that have been supplied by Christchurch Real Estate have been provided to interested potential buyers for general information purposes only. Neither Christchurch Real Estate nor their client (vendor) warrant the accuracy, completeness, or currency of the documentation and nor do they accept liability for any errors or omissions in these documents. All interested potential buyers should obtain and rely on their own enquiries, investigations, documents, and legal advice. Christchurch Real Estate advises that before signing an unconditional sale and purchase agreement that purchasers should carry out a due diligence investigation, which should involve seeking independent advice from specialists including, but not limited to, builder/building inspection company, valuer, engineer, lawyer, insurance provider, surveyor, and council regarding the property.

Christchurch Real Estate Limited accepts no responsibility for the following:

• Any fault or defect in the property that has been or should have been discovered as part of a full due diligence inspection
• Any relevant issue that a property owner has failed to disclose to the salesperson (either intentionally or unintentionally).

Deposits New Zealand Real Estate Trust

Christchurch Real Estate Limited advises

1. That New Zealand Real Estate Trust, an independent trust account service provided by SafeKiwi (New Zealand) Limited will be used for payment. Deposit funds will be paid directly to Public Trust, the independent custodian, who will hold and disburse the monies payable under this agreement on behalf of vendors and purchasers.
2. The client will be bound by the Terms of Use located on their website https://www.realestatetrust.co.nz/termsofuse

Information on this Internet site should not be regarded as a substitute for professional legal, financial or real estate advice.

Christchurch Real Estate Limited and its related entities responsible for maintaining this Internet site and its directors, officers and agents believe that all information contained within this Internet website is correct. However, no warranty is made as to the accuracy or reliability of the information contained herein and Christchurch Real Estate disclaims all liability and responsibility for any direct or indirect loss of damage which may be suffered by any recipient through relying on anything contained in or omitted from the Internet site at https://chchrealestate.co.nz/

The subject matter on and accessible from the https://chchrealestate.co.nz/ website is copyright. Apart from fair dealing permitted by the Copyright Act 1994, Christchurch Real Estate grants visitors to the site permission to download and display its copyright material only for private purposes. For reproduction or use of https://chchrealestate.co.nz/ copyright material beyond such uses, permission must be sought directly from Christchurch Real Estate Limited. If given, permission will be subject to the requirement that the copyright owner’s name and interest in the material be acknowledged when the material is reproduced or quoted, in whole or in part.