We are all aware of the requirement under the Terms of the Sales and Purchase Agreement is for the deposit to held in the Trust Account of the Real Estate Agent for a statutory 10 working days before it can be released. Given the current market in New Zealand both a Solicitor or Conveyancing Practitioner acting for a Purchaser first must obtain consent from the Purchaser for early release of the deposit, and secondly ensure they obtain the appropriate undertaking from the Vendor’s Solictor or Conveyancing Practitioner that the Vendor has sufficient funds to repay any debt to a mortgagee, outstanding rates or any other debt payable at settlement. Being proactive is the key. We look forward to any posts or comments you have. 
Tag: Current Market
January Horror Stats
March 7, 2010
Lets get over the January stats and move on. As Chet Holmes says pure pigheaded discipline and determination is required to achieve the sales targets required no matter what the market. The REA Act allows us to revisit our business, reassess, implement new and innovative strategies to achieve results in the current market, and to build new relationships together with alliances. This will help to settle a higher percentage of contracts and not allow them to fall over. We all only make money on deals that go unconditional and settle. It is our practice to help you keep the deal going and get paid. Positive selling and success
