As we now look to move into Alert Level 4 Lockdown we have received some guidance from our industry leaders on what this will mean for us, our clients and our customers.
All our real estate agents are well versed and up to date on happenings in our industry.
We also have a great leadership team at Mike Pero who are available to assist you by telephone or email. You can find contact details for agents and our head office team on our website – www.mikepero.com
Real Estate has not been classified as an essential service and therefore as from 11.59pm tomorrow night Mike Pero Real Estate will be in lockdown with the rest of New Zealand. This will mean:
Open Homes/Private viewings:
These are not considered essential services so cannot take place in person. They could take place via online virtual tours or video conferencing type software, where people aren’t required to leave their homes and no in-person contact occurs.
These are not considered essential services so can only take place via phone or online bidding methods.
In lockdown, vendors and purchasers will NOT be able to move in and out of their houses. For this reason, Auckland District Law Society is recommending that settlements be deferred until after the Alert Level 4 restriction is lifted. The party’s lawyers will make appropriate amendments to the contract to facilitate this.
Moving if a property settles during lockdown:
Travel will be restricted to essential travel only e.g. pharmacy/supermarket trip, so settlements and moving house should be deferred until after the Alert Level 4 restriction is lifted. The parties lawyers will make appropriate amendments to the contract to facilitate this.
Rural sales and tenanted property sales:
Auckland District Law Society have considered situations where sales may not involve people leaving their home or any in-person contact (e.g. where a property is tenanted and the tenancy will continue after settlement) and have advised that whilst settlement can occur where no one has to have contact, purchasers and vendors may encounter difficulties when trying to get A&I, mortgage instruction, and other legal forms issued and signed. So, deferring settlement may still be the safest option. We would strongly recommend that the parties seek and follow the advice of their lawyers and not assume settlement can or will be able to occur. Physical property inspections cannot occur when we are under Level 4 lockdown.
Vendors/purchasers should talk to their bank or financial services provider in the first instance.
These can still be confirmed during lockdown provided no travel/face-to-face meetings are required. If the condition(s) cannot be met during the Alert Level 4 period, then both the buyer and seller should take legal advice and either extend the condition until after the lockdown period or cancel the contract. The party’s lawyers will make appropriate amendments to the contract to facilitate this.
These are unable to take place in person during lockdown, however, if both parties agree, these could take place using video conferencing.
Switching selling methods:
If you wish to switch selling methods for example switch from an auction to private tender during lockdown, please seek guidance from your real estate agent and lawyer as to whether and how this can be facilitated.
We hope the above is helpful. Stay safe New Zealand, stick to the rules put in place by our government and we will all come through this together!