Property
March 9, 2018
& LIFESTYLE
FAMILY
friendly Proudly marketed by Bayleys FURTHER DETAILS
P2
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Ashburton Blenheim Fendalton Halswell Rangiora West Coast 03 307 8949 03 579 5353 03 351 3535 03 322 4326 03 310 7355 03 768 5528
House of Hearing
2
Family friendly / 556411
52 Carters Terrace, Tinwald
Perfectly positioned allowing natural light to pour through the dining and living areas, here you have a very warm and attractive space to enjoy that also flows to the large patio area which catches the sun. This makes it the perfect spot where you can relax or entertain with equal ease. This area is surrounded by established gardens making it private. The kitchen is spacious with a separate pantry. With the layout consisting of three double bedrooms
upstairs with family bathroom, you will also find bathroom facilities downstairs including a wet floor shower and a second toilet. The laundry is also accommodated in this space, together with internal access to the attached garaging. Set on the end of the street the country is a stroll along the road! The house has recently been painted outdoors in modern colours so it’s looking sharp! Easily maintained manicured gardens complete the picture.
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3
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OPEN HOME SATURDAY, MARCH 10 1.45pm – 2.15pm Offers in the vicinity of
Debbie Boon Phone 027 448 4006 or 03 307 7377
$434,000 bayleys.co.nz/555908
REDMONDS SUMMER SALE Solution Dyed Nylon Carpets
Flooring specialists
Detroit
$90 BLM inc GST Pearl Bay
Amanda
$117 BLM inc GST Columbia
$134 BLM inc GST
FREE UNDERLAY See in-store for details
FURNISHINGS | FLOORING | BEDS | CURTAINS
We help make your house your home, with extensive ranges of quality and affordable flooring options. Staying ahead with the latest styles, textures, options, and colours, we are proud to showcase a large offering.
Tiles - carpet - vinyl plank - wood floor. Amanda and Kelli can help you select the best flooring to suit your needs and improve the look and feel of your home.
Kelli
Call us today to book your free flooring measure and quote.
Burnett Street, Ashburton Phone (03) 308 5269 | www.redmonds.co.nz
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Selling a family trust property –
What you need to know
If you don’t approach it in the right way, selling a property that’s part of a trust can get extremely complicated. If you’re looking to do this in the future, it’s a good idea to get a handle on the process before you start. Each trust is different and operates on the conditions set out in the trust deed. So the first thing you should do is talk to the trust’s lawyer – ideally the one who was involved in setting up the trust to start with – as they will have a good understanding of your family’s particular circumstances. They will be able to check the terms of the trust to ensure whether or not its assets can be sold (in some trusts, assets are protected from sale). You should check that the trust has an IRD number as you will need one to sell the property. There may also be tax implications if you sell the property – this depends on when it was purchased and whether it is the main family home. You should check any tax implications with an accountant. If the property can be sold, all the trustees must agree on this course of action. The lawyer will draw up a resolution that documents the decision to sell the property and this must be signed by all the trustees. Once this process is in train you can start thinking about how to sell the property. If you are considering selling privately, be aware that you will need to have it assessed by a registered valuer (this is a requirement of the Trustee Act). While selling privately can save you money on commission, selling a property can be complex and you need to understand the risks involved. If you decide to use a real estate agent to sell the property, make sure all the trustees are in agreement about which agent you choose. If it’s logistically or practically difficult for all of you to be involved, it’s a good idea to nominate one or two trustees to be in control of the process. Ensure they document all conversations and decisions so you have records to refer back to later. Again, don’t be shy about asking your lawyer for advice. Being a trustee means you have to meet a number of legal obligations. For example, if you allowed the trust property or other assets to be sold at a very low price, you could be liable for breaching your duty of diligence and prudence. Even if all the trustees are not involved in selecting the real estate agent and discussing the method of sale and marketing for the property, all of you must sign the agency agreement to list the property. This is the contract between the trust and the real estate agent that sets out how the property will be marketed for sale and what the commission will be if it is successfully sold.
Again, the signing of this must be documented in trustee resolutions. While this may seem like a lot of bothersome admin, you need to follow the exact rules of your trust in case something goes wrong later. When the property is sold – again, when all trustees are happy with the price and conditions – all the trustees must sign the sale and purchase agreement. The buyer’s deposit will be held in a lawyer’s or real estate agent’s trust account. After settlement, the trust’s assets register should be updated to reflect the sale. Once you have signed a sale and purchase agreement and settlement has occurred, you need your lawyer or
conveyancer to hold the sale proceeds (less any fees) in the family trust’s bank account. The proceeds from the sale will remain in the family trust account until they are distributed in accordance with the trust deed. Selling a family property with multiple trustees can be a trying time on many different levels and people don’t always act as you might hope or expect. A bit of planning, preparation and sound legal advice will help you navigate any choppy waters. For independent advice on buying or selling property, check out settled.govt.nz
- REAA
TM
bayleys.co.nz
bayleys.co.nz
6
March is a good time to ...
Mortgage rates
5.15
5.05
%
Keep harvesting and don’t forget to keep watering. Remember March can still be quite a warm time of year.
AWAPUNI NURSERIES
The beginning of autumn is the ideal time to grow leeks and beetroot. Leeks require a little bit of extra effort but they're well worth it in the end.
P.A.
2 years
5.29
%
Lastly, before the temperature drops too much, move any chilli or capsicum plants to somewhere warmer like a glasshouse or indoors. These plants can survive for a couple of years if they’re warm enough and will often produce better crops in their second year.
P.A.
2 years
5.45
%
And, if you want winter veges like broccoli and cauliflower, to be ready to eat in winter, plant them towards the end of March while the weather and soil is still warm enough to give them a kick start.
P.A.
2 years
5.19
If you wait till May you'll end up with broccoli in spring when you might be more interested in eating veges like lettuce. Spinach is perfect to plant amongst your leek seedlings because you'll harvest it before the leeks need the space. Spinach is a fantastic plant.
%
P.A.
2 years
Slugs don't like it, you can eat it when it's young or old, it grows in dry and wet and
*At the time of printing
New Homes Alterations New Homes WE TAKE THE HASSLE Light Commercial Alterations OUT OF MOVING New Homes New Homes New Homes New Homes Light Commercial From packing, clean-up, storage and Earthquake Alterations Alterations Alterations NewAlterations Homes moving your whole household to New Homes strengthening and Light Commercial Alterations Earthquake Light Commercial Alterations delivering a recent large purchase, Lightand Commercial Repairs, Compliance. Light Commercial Light Commercial strengthening and we do it all. Call today for a quote. Earthquake Earthquake Earthquake Earthquake and Compliance. Repairs, Earthquake strengthening and strengthening andand strengthening Free quotes in Mid Canterbury strengthening Repairs, and Compliance. Phone Repairs, andand Compliance. strengthening and Repairs, and Compliance. Repairs, and THE ASHBURTON FURNITURE (03) 303 9830 Repairs, andCompliance. Compliance. Phone Phoneor Phone MOVERS DIFFERENCE (03) 303 9830 or(03) 303 9830 or 0800 500 564 0800 500 Phone 564 0800 (03) 500 564303 9830 or Phone Phone E: josephbuilders@xtra.co.nz (03) 303 98300800 or 500 564 Email: josephbuilders@xtra.co.nz Email: 9830 (03) 303 303josephbuilders@xtra.co.nz 9830or or W: (03) www.josephbuilders.co.nz 0800 500 564 Email: josephbuilders@xtra.co.nz 0800 500 564 0800 500 564
YOUR DIY REPAIRS YOUR WAY If you need to do any repairs around your home, just hire tools from us!
Come and see us today. 588 East Street, Ashburton Phone 03 308 8061 info@ashburtonuhire.co.nz www.ashburtonuhire.co.nz
Email: josephbuilders@xtra.co.nz
Locally owned and operated for 25 years
TM
OPEN 7 DAYS
PROTECT YOUR HOUSE Email: josephbuilders@xtra.co.nz Email: Email:josephbuilders@xtra.co.nz josephbuilders@xtra.co.nz FROM SPIDERS AND FLIES
• • • • •
P.A.
2 years
just about all-year round, and it's perfect for quiches and salads. You just need to make sure you eat it before it goes to seed.
Henri Ham
%
Ready to build your dream
Today’s construction is tomorrow’s legacy
Spider proofing Fly control Wasp nests White tail treatment Residential and commercial Don’t delay call AJ today Fully qualified & registered Pest Control Technician
Call AJ 308 8147 or 0274 325 447
COMMERCIAL AND DOMESTIC HIRE OPEN 7 DAYS 24 HOUR CONTACT
03 308 0006
171 Alford Forest Rd, Ashburton
If a home of excellent design and exceptional quality of workmanship is important to you, then look no further than Des Millar Construction. The quality home builders.
Housing Commercial Farm Renovations
With more than 30 years of building quality homes for the Mid Canterbury community, Des has a strong reputation for “old school” workmanship, backed by results.
For housing, Commercial, farm buildings and renovations, contact Des anytime for a free no obligation quote on 03 308 9936 or 027 432 3258
• Registered James Hardie installer • Residential, commercial or farm buildings • Quality workmanship
RTO Construction Ltd Rodney Grant 027 634 1631 rtoconstruction@yahoo.co.nz facebook.com/rtoconstruction
Property
GUARDIAN
Ashburton
308 6173
www.realestatenewzealand.net.nz/property-appraisal/
FREE market valuation appraisals
12 noon – 3pm ................................................8 Whiteoak Grove
SUNDAY
SATURDAY BY APPOINTMENT ONLY
Serious about selling?
Tinwald
SHOW HOME TINWALD 8am to 5pm ...................................................8 Whiteoak Grove
MONDAY - FRIDAY
J
TINWALD 10-10.30am .......................................................... 6 Jane Street 10-10.30am ................................................... 9 Whiteoak Grove 10.45-11.15am .............................................. 119A George Street 1.45-2.15pm .................................................. 52 Carters Terrace
www.realestatenewzealand.net.nz/360-virtual-reality-tours/ “it’s the way of the future”
Walkthrough
3D
J
ASHBURTON 10.45-11.15am .................................................... 6 Oxford Street 11.30-12 noon ....................................................... 68 Farm Road 11.30-12 noon ................................................. 17 Harrison Street 12.15-12.45pm .................................................6 Davidson Street 1-1.30pm .............................................................. 1 Allens Road 12.15-12.45pm .............................................. 54 Kelvin Crescent
SATURDAY - MARCH 10
Open Homes