The selling process

1. Property appraisal:

• Agent inspects the property
• Agent talks you though the process
• Formal appraisal completed
• Method of sale and marketing/advertising strategy discussed

2. Selling:

• Presentation advice provided
• Marketing/advertising strategy agreed on
• Agency agreement signed
• Property listing details completed
• Keys and access details collected
• Open Home scheduled
• Contract for Sale prepared (in some states)

3. Promotion:

• Photos taken
• Property signage done
• Agent's database advised
• Local marketing
• Internet/window/newspaper and any other marketing/advertising commences

4. Inspections:

• Notice for inspection provided where possible
• Details of all attendees recorded
• All comments and feedback provided

5. Negotiating the sale:

• Best price and conditions are negotiated
• Signing between parties is formalised
• Real estate agent's check and assist with purchaser's finance, sale of property, building inspections, and other conditions where necessary

6. Contract of Sale:

• Once terms are agreed a security deposit is taken from the buyer
• Copies of the contract are given to both parties' solicitors/conveyancers
• All parties are kept informed

7. SOLD!

• Sold sticker placed on sign board
• All parties confirm the sale is finalised
• Transfer of keys and settlement day is arranged
• New owners move in

The process of selling property is regulated by legislation.

For copies of the relevant legislation go to www.dbh.govt.nz/tenancy-index