The Buying Process
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Our team of experts has the local knowledge, skills and experience to help you through what would otherwise be a very stressful buying process. From property hunting and price negotiations to paperwork, we’ll help you meet your goals with ease. Contact us today to get started.
For most Kiwis, buying real estate in New Zealand is the biggest financial transaction they’ll ever make. First time buyers are likely to find the process of buying a house in NZ both thrilling, yet somewhat overwhelming.
It’s not surprising that even people who are buying a second or third home can be intimidated when so much money is involved. Every detail of the process becomes of paramount importance.
Finding the right property, negotiating a price, and securing financing are just a few of the steps buyers will have to go through. Fortunately, they don’t have to go through these steps alone.
Whether you are a first-time buyer or an experienced buyer, an LJ Hooker agent can help you make sure you find the right property to suit your needs, as well as your budget.
Buying a property with LJ Hooker Ngaruawahia
Have you seen a property you like?
Once you have found the perfect property, LJ Hooker Ngaruawahia can help you through every stage of the purchase process for a smooth and pleasant transaction.
Our real estate agents can help you arrange the inspections and pre-purchase reports you require. We can also point you in the right direction to get a mortgage.
At Twin Rivers Real Estate Ltd (LJ Hooker Ngaruawahia), we can assist you with the moving process too - whether you need help relocating or setting up your utility account, your agent can offer valuable support.
Things you need to know when buying your first home.
Remember to look at all aspects of the property. It is about balancing the pros and cons as no property will ever be perfect.
Consider who your neighbours are going to be, parking availability, any repairs or renovations needed, future development planned for the surrounding area, proximity to amenities like shops and transport, noise pollution from traffic and aircraft and the overall street appeal.
Choosing the right area to buy in is important and not just from a capital growth point of view. Where you live becomes a big part of your life and essentially forms the lifestyle you live. Consider the distance you are prepared to travel to work every day, is there a direct public transport route? Are there adequate amenities for your needs and your family? Find out where the nearest hospitals, schools, shopping centres and recreational spaces are all located. These things all have an impact on your everyday life and happiness.
Be prepared to act quickly, especially once you have found the property you want. Whether it is the first property you spot or you’ve been looking every weekend for a year, if it feels right, is in your price range and you’ve done the necessary checks then go for it before someone else beats you to it.
If you are interested in a property, keep up communication with the agent. Make sure they know you are interested so you don’t miss out to another buyer who was more proactive. Give yourself every chance of buying it.
Try not to let your emotions get in the way, which is sometimes easier said than done. If you feel you have become too emotionally attached to a property, ask a friend or family member to bid on your behalf. It is better to play it safe and always consider future events that could impact on your ability to repay your loan, like job security, interest rates rises, health and starting a family.
Know when to compromise, when to stand your ground and when to walk away. Waiting for the perfect property to come along could take forever, settling for less than perfect now could mean moving up the property ladder a whole lot quicker.
Do your homework.
Obtain pre-approved for a loan so you know exactly how much you can spend before you even begin your search
You may have fallen in love with a property but be sure to do your research before getting too attached or making an offer.
Understand the practicalities of buying a home and the sales process prior to making an offer or bidding at an auction. Read up on how auctions work and tips on bidding, the same goes for making an offer on a property for sale by private treaty.
Create a list of all the properties to keep track of what you’ve looked at, the features of each property and the asking price so you can compare the pros and cons of each property and what you may need to compromise on.
Do more homework!
We highly recommend getting an independent building inspection report done, as well as a strata report if applicable or the body corporate minutes if you are buying an apartment.
For apartment buyers, a strata title report will show you the records of the strata scheme, which can include any special levies proposed in the future that you may be required to contribute to, a history of the building’s maintenance work, as well as the amount of money in the sinking and administration funds.
Never sign anything you do not understand. It is best to have your solicitor or conveyancer review the contract before you sign an offer to purchase or exchange.