Property & Business Buyer's Agent
Let's face it: buying is riskier than selling. As licensed buyer's agents we are accountable by law to disclose all information to the benefit of the purchaser. Whether buying a business or residential property, it's reassuring for clients to know that AnthemNZ has a duty of care and is committed to provide buyers with the very best deal to the best of our knowledge and research.
What is a Buyer's Agent?
Property finders who work on behalf of purchasers; negotiating to save the purchaser costs, qualifying and ensuring property & businesses expectations. Committed to caring for purchasers wanting to buy a house, land or business.
Why do people use Buyers Agents?
Investment mistakes cost money. In a normal property transaction, agent commissions are paid out of the total price the purchaser pays for a property but never is that money working for the purchaser. If you are going to pay someone - isn't it nice to know they are 100% working for you especially since buying is riskier then selling- this just makes sense. Buyers agents are objective, professional and expert in finding properties and businesses for purchasers. A buyers agent understands the sense in setting budgets and has the local knowledge and contacts to employ specialist industry information when needed. Using a buyers agent saves time, saves costs and reduces risk. At all times a buyer's agent acts on behalf of the client and in their best interest.
How do I recognise a Buyer's Agent?
A professional buyers agent is extremely well connected in their community. They are lateral thinkers, excellent analysts and meticulous with data. A buyer's agent will go the extra mile to research the most minute detail and provide detailed reports to their clients, much more than a simple list of properties or businesses for sale. A buyer's agent helps connect people with the best properties and successful businesses bringing solid returns. We have connections and relationships in Auckland, Waikato, Bay of Plenty and other parts of New Zealand that make a real difference for our clients.
Using the Buyer's Agent Purchasing Process
- Consultation: Once you have pre-approved finance or a budget in mind, we look at your interests and investigate options to fit your lifestyle & the regional market and match these with estimated returns or future growth to meet your expectations.
- From here you sign an agreement between you and the buyer's agent. Your buyers agent now starts working for YOU.
- The buyers agent stays in regular contact with the purchaser and will discuss pre-approved property or business opportunities.
- Once a property or business has been chosen, an offer is prepared and presented by the buyers agent.
- The Sale and Purchase Agreement or offer will be made either conditional or unconditional. If appropriate, the buyers agent will assist with any due diligence or clause requirements.
- If your conditions are not satisfied you may either re-negotiate with the vendor or cancel the contract.
- Once satisfied and contract has gone unconditional the escrow service provided by New Zealand Real Estate Trust and Crown owned Public Trust account will be used for payment, holding and disbursement of the deposit payable by agreement.
Terms of Agreement
- A non-refundable engagement fee may apply
- A buyer's agent will seek and negotiate the best price on behalf of the purchaser.
- A standard 90-day sole agency term applies, in which the buyers agent will be fully responsible for managing the entire buying process with you
- If shown the property and/or business in the term of the Buyer Agent agreement. Going directly to the vendor after the 90 days will legally occur an agencies commission.
EXPECT TO PAY |
SAVE ON TIME |
SAVE ON MONEY |
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AML/CFT Know Your Client Protocols
What does the anti-money laundering and countering financing of terrorism act have to do with you?
If you've been on earth for a while you will know the significant way in which the world has changed in recent years in relation to information sharing.
From 1 January 2019, as part of a (near) global initiative to promote anti-money laundering and countering financing of terrorism (know as “AML/CFT”) means real estate agents throughout New Zealand will be legally required to conduct Customer Due Diligence (“CDD”) checks in order to Know Your Client (“KYC”) better, much better.
As part of the AML/CFT requirement AnthemNZ will need to obtain (and/or reconfirm) the following from you:
- Your full name;
- Your date of birth;
- Your address (or registered office if you are operating a company);
- Your company identifier or registration number; and
- Any information prescribed by regulations.
If you are not the client we will also need to understand your relationship with the client. For example, if you are associated with a company, limited partnership, trust or other legal entity, we’ll also need to obtain the above information from all persons associated with that entity upto 9 members.
In addition to the above, AnthemNZ must also obtain:
- Information on the nature and purpose of the proposed business relationship between you and AnthemNZ; and
- Sufficient information to determine whether you should be subject to “Enhanced CDD” (“EDD”). This means we’ll need to ask you additional questions, which may include but not limited to, your source of funds and/or source of wealth.
Unfortunately, if we don’t obtain the required information the AML/CFT laws specify that we are unable to act for you.
By conducting these checks AnthemNZ will be helping the police to combat criminals from laundering money through illegal activities such as tax evasion, drug dealing, fraud, theft and immigration offences, to name a few.
If you have any questions in relation to the AML/CFT laws or our KYC requirements please get in touch with your lawyer.
