Real estate transactions are a major target for Anti Money Laundering. From 1st July we will be subject to these regulations. Read about how this will affect you and your clients

Will the current Brightline Test conditions affect you and your house sale?

​New rules about an overseas person acquiring land are proposed to be in place very soon. So long as your residential, lifestyle or a farm over 5 hectares is not owned by a company or trust, then you are only affected by the new rules if you sell or transfer your property to an overseas persons.

It is so important to get insurance right when you're building, this week I discuss the different types of insurance and a real life insurance claim that happened during my subdivision

For many backyard developers, engagement with their bank will be required at some point. It is always best to do this early to understand what requirements the Bank will impose on you either before you start developing or during the development process.

You should be at the stage now where you can starting the building process. This blog outlines all the essential members of your building team and things that need to be considered for compliance.

In the last article in this series we looked at buying the property that you want to develop. When buying you do not want to fall into one of the property development traps - in this case paying too much for the property because you have not done all your homework

Generally all of your debt, mortgages, credit card debts and car loans, will need to be paid back when you die. The executor you appoint in your will to act for your estate will sell sufficient of your assets to pay all of your debts.

In my last article I talked about why you should first establish the feasibility of your project. This week I discuss the actual purchasing of your property.

Before investing in your idea, test if there is actually a market for what you are selling.

Property development is a great way to add value to your property. A backyard subdivision (dividing one property into two or three titles) is straightforward if you know what to do, who should do it, and more importantly in what order things are to be done!

When buying a commercial property, make the agreement subject to a “due diligence” clause so you don’t have to go ahead if you find a problem.

If your tenant damages your insured residential premises, even intentionally, the tenant does not have to pay for it. As a result the cost of insurance will likely increase not all tenants or risks may be covered in the future.

Agents and Licences will be surprised to learn that their policy about buying property when the agency has been engaged to sell a property do not comply with legal requirements.

Not being able to pay bills on time can happen very suddenly and for no fault of your own (a large client does not pay or disruption such as an earthquake).  The fall out can be extensive - like the recent Mainzeal receivership.  What are the options?

What a buyer wants to know is how much is your business worth without you in it?