Property audit before paying a deposit
Before any advance payment, the owner, TAPU, cadastral data, mortgages, seizures, debts and the seller's authority are checked. For a new build, the land, the building permit and the developer's documents are reviewed. The contract sets out the price, timelines, payment, deposit refund and liability. It does not replace registration of title.
When an independent property valuation is required
In a standard purchase by a foreigner, a valuation report is not required as part of a regular transaction. It is needed when applying for citizenship under the investment program and in certain special procedures. In the former case, the TTB confirmation of investment value is used. A voluntary valuation helps verify the price.