[darren]

Hi,

This is my first post. I've been reading these forums which I have found VERY helpful, particularly the posts by Westan and MiniMogul. Thanks for your insights.

Just curious to know what the typical buying process is in NZ and how it differs from OZ.

After the offer has been accepted, is there a cooling-off period? How long is the usual period from deposit to going unconditional? I gather this is the time to do your due diligence (property valuation, number crunching etc). What is the typical time until settlement/exchange of contracts? It is typical to do both pest and building reports? In OZ, I've been advised that it is wise to make sure there is a clause in the contract 'subject to pest and building...'.

Thanks in advance,