The days of banks throwing money at us are long gone. In fact, we are almost back to the old days where you had to go cap-in-hand to the bank to literally squeeze money out of their vice- like hands
It is a buyer’s market. What does that mean when it comes to negotiating the purchase price? How do you make sure you get a great deal? We have written a PDF on this topic which you can download here: Negotiating the Price Price is property- and vendor-dependent. On one hand, less desirable properties
In the current market, it has become harder for first home buyers to get a mortgage. Lenders almost always require a 20% deposit. Your parents can help by topping up your deposit or they can act as a guarantor. Deposits Parents can gift you a deposit, but often they will want to avoid the tax
The market has got a bit tougher for first home buyers if you don’t have a deposit, especially if you have other debts! One way of getting around this is using a parent as a guarantor. Another option is for the vendor to leave behind a deposit in the property. How it works You agree
2008
Why Now is a Good Time to Buy Property in New Zealand
Filed under: NZ Economy, Property Buying Tips
For overseas buyers, I’ve spent the past two months explaining that this is the ideal time to take advantage of the Kiwi property market. The two key points are (1) a falling NZ dollar will make property cheaper and (2) the housing market is not homogeneous. Luckily by borrowing in NZ$ you can benefit from
most recent posts
-
Risk with houses built before 1945
January 28th 2012 -
Mortgage Rates: Let the Summer Craziness Begin
January 28th 2012 -
Growing your Property Portfolio
January 28th 2012 -
Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011