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Selling property, step 3 of 6

Step 3: Sale and purchase agreement review | Selling property in NZ | NZ Legal

Offers come in. We review each one before you sign.

NLNZ LegalThe NZ Legal team
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Step 3 of 6 · Selling property

Offers come in. We review each one before you sign.

What happens at this step

As the campaign runs, offers arrive. The agent presents each one on the standard ADLS-REINZ form. Each offer has a price, a deposit, a settlement date, conditions, a chattels list, and any special clauses. Some offers are auction-style unconditional. Most are conditional.

What NZ Legal does

We review each offer same-day. We compare price, deposit, conditions, and the buyer's apparent strength. We flag any conditions that look weaker or wider than they should be. We help you decide which offer to accept, decline, or counter.

What you do

Send us each offer the agent presents. Decide on your minimum acceptable terms before the offer arrives so you are not deciding under time pressure. Counter where the offer is close but not quite right.

Common pitfalls

  • Signing the first offer without reviewing competing offers properly.
  • Accepting wide due diligence conditions that give the buyer free option value to walk away.
  • Settling for a small deposit. A 10 percent deposit gives the seller real protection if the buyer defaults.

Previous step

2. Agency agreement review

Next step

4. Buyer conditions period

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