Buying a Property Assessment Form

By completing this form, we can better understand your circumstances, identify potential legal or financial risks early, and guide you on the appropriate next steps in your property purchase journey. Upon submission, you will receive a preliminary assessment report with practical guidance tailored to your situation, which may also assist when approaching banks for mortgage financing.

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Name(Required)

First Last

Email(Required)

Enter Email Confirm Email

Phone(Required)

Your Organisation Name

The Buyer

Who will be purchasing the property?(Required)

Individual

Joint purchasers

Company

Other

Name(s) of Buyer(Required)

Is the Buyer(Required)

A Papua New Guinea citizen

A permanent resident

A foreign citizen

What is your main purpose for buying the property?

Personal residence

Investment

Have you purchased property before?

Yes

Buying property involves legal, financial, and ownership checks. Early guidance can help avoid costly mistakes.

The Property

What type of property are you looking to buy?(Required)

Do you already have a property identified?(Required)

Yes

Address(Required)

City State / Province / Region

What is the approximate purchase price or budget? (PGK)(Required)

Land Status & Ownership

Do you know the type of land?

State lease

Customary land

Freehold

Unsure

A title search or land status check may be required before proceeding.

Customary land transactions can involve additional legal and ownership considerations, including clan authority and landowner consent.

Do you know who the registered owner is?

Yes

Unsure

Has a title search been completed?

Yes

Unsure

Are you aware of any:

Disputes affecting the property

Caveats

Mortgages

Court matters

Landowner disputes

Unsure

Finance & Affordability

Your Budget or Purchase Price: PGK

Likely Deposit if getting a mortgage PGK

This is only a rough calculation

Current standard owner contribution is 20% of Purchase Price plus costs. It may be higher or lower depending on your circumstances and the financier (bank).

How do you intend to fund the purchase?

Cash purchase

Bank loan

Other

State "Other"

Most purchasers of State Lease properties obtain financing from a bank or financial institution through a mortgage facility to assist with the purchase.

Have you obtained finance pre-approval?

Yes

Currently applying

Obtaining finance pre-approval may help you understand your purchasing capacity before negotiations begin.

Do you require assistance with:

Financing options

Loan application support

Budget planning

Valuation guidance

Legal & Due Diligence

Do you require assistance with:

Sale & purchase agreement review

Property due diligence

Title searches

IPA/company checks

Regulatory approvals

Settlement process

Stamp duty guidance

Foreign investment requirements

None

As a Buyer, the Seller will typically provide a draft Sale and Purchase Agreement for review. It is strongly recommended that you obtain professional advice when reviewing this document and undertaking any related due diligence to help ensure that you receive good and valid title to the property upon settlement.

Would you like assistance identifying potential legal or compliance risks before purchase?

Yes

Timeline & Next Steps

When are you hoping to purchase the property?

Immediately

Within 3 months

Within 6 months

Within 12 months

Just exploring options

Remember to follow the process carefully and do not rush. Buying property is one of the biggest investments you may make in your lifetime, so it is important to approach each step properly, carefully, and with the right guidance.

What is your biggest concern about buying property?

Financing

Ownership legitimacy

Legal paperwork

Land disputes

Understanding the process

Settlement delays

Foreign ownership issues

Other

Comments

Please let us know what's on your mind. Have a question for us? Ask away.

Buying a Property Guidance Summary

When you checkout, we will provide you with a preliminary report based on the information you have submitted, together with recommended next steps relevant to your circumstances. This report is designed to assist you in assessing your readiness to purchase a property and identifying important legal, financial, and practical considerations early in the process. It may also assist when speaking with a bank or financial institution, as it demonstrates that you have carefully considered the purchase, gathered relevant information, and are taking a structured approach towards your property investment journey.

Would you like a professional qualified lawyer to conduct a review of your responses?

Yes

Legal Review

Have a professional qualified lawyer conduct an in-depth review of your responses

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