• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 2 of 2 FirstFirst 1 2
Results 11 to 15 of 15
  1. #11


    It's looking like dispute tribunal will be the outcome now. We are going to try expand the REA complaint from just the agent, to include the company and director, as they gave us questionable advice and have tried to avoid responsibility.

    We still need an appropriate but cost-effective way of valuing the error. We don't have $800 for QV to do one. I wonder if some agent valuations would suffice? Do banks do valuations?

    So far, we have our own assessment of how much we paid over what we would have, and we have the RE directors assessment of how much less the property is worth without the adjacent title being reserve land ($5k - $15k).

  2. #12
    Join Date
    Dec 2010
    Cambridge, NZ


    Valuer valuation will suffice, not agent or bank valuations. Valuing the effect of a hypothetical vs present reality is specialist work....I just don't think anything else would hold sufficient weight with the Tribunal.

  3. #13
    Join Date
    Jul 2006


    My recollection of the RAA complain form is they ask what outcome you are seeking. I would ask them to clarify why it was not disclosed or misrepresented during the sales process

  4. #14


    Thanks everyone, we decided not to pursue the issue. It was starting to come between our enjoyment of buying our first home. We are all moved in now and love it!

  5. #15
    Join Date
    Oct 2016


    i have a question. can reserve land become developed in the future?


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Renting out the property bought with less Equity? >20% of House value
    By rmalapati in forum Property Investment (NZ)
    Replies: 3
    Last Post: 08-07-2018, 02:26 PM
  2. Advice and thoughts please - Bought first property, what next?
    By Envesty in forum Property Investment (NZ)
    Replies: 16
    Last Post: 09-03-2015, 02:48 PM
  3. House bought in auction has damaged chattels
    By seema in forum Finance, legal and tax (NZ)
    Replies: 19
    Last Post: 10-02-2015, 07:33 PM
  4. Bought a house - Floor plan makes no sense! Help please
    By Wavemaker in forum Property Investment (NZ)
    Replies: 7
    Last Post: 28-01-2015, 08:57 PM
  5. Bought a house/Ending fixed term tenancy
    By ammar in forum Tenant Stuff (NZ)
    Replies: 31
    Last Post: 25-09-2014, 11:33 AM
  6. Just Bought First House/Rental- Advice Needed
    By House Hunter in forum Property Investment (NZ)
    Replies: 22
    Last Post: 12-03-2014, 12:47 PM
  7. Replies: 24
    Last Post: 05-02-2014, 06:53 AM
  8. Tenants homeless after 'mouldy' house dispute - Hamilton
    By muppet in forum Tenant Stuff (NZ)
    Replies: 13
    Last Post: 28-09-2013, 06:00 PM
  9. Need Advice - bought & sold within short span of time
    By Anita in forum Property Investment (NZ)
    Replies: 15
    Last Post: 27-10-2009, 08:27 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts