A real estate agent says it is "very common" for homes, especially new-builds, to be listed for sale without finalised land titles. But seven months later, she's yet to move in and must now stump up an extra $110,000 or risk losing the house forever. But Auckland's median prices had jumped $125,000 since October, according to the Real Estate Institute. Delayed settlements was a predicament that real estate agents and property experts said could be all too common. A real estate agent says it is "very common" for homes, especially new-builds, to be listed for sale without finalised land titles.

Source: New Zealand Herald June 13, 2021 07:07 UTC