Mortgage Broker CHCH
My 3 Tips for First Home Buyers
My experience working with
First Home Buyers
Yes, it is tough out there for First Home Buyers at the moment. With the market moving so fast and the rules constantly changing, it can feel like you have fallen off the ladder before even getting on.
These are my top 3 tips for First Home Buyers.
Build your team – Use the right professionals
There are lots of deadlines, reports, inspections & too much information! The first home journey can be stressful when you go it alone.
You need to work with an experienced team who does this day in and day out.
At minimum you need a good Mortgage Adviser (Mortgage Broker) and Solicitor.
I help First Home Buyers get prepared, firstly by helping them understand the process and then organising the home finance.
I explain the KiwiSaver and First Home Grant, show them what they are eligible for and help with the application. This sets them up for when they have found their new home ensuring they are in the best position when it comes time to make an offer.
If you want to know the difference between what a Mortgage Adviser does and going to a Bank, you can read my article here
Avoid First Home Buyer Mistakes
Get Instant access to my FREE guide
Get a Buyers Agent
Using a buyers agent can be useful. With many properties going to Deadline sale, Auction or have no listed price, its understandable that it can be hard to work out if a house is in your price range.
Using a buyers agent is FREE and they can do some of that legwork for you and give you a list of properties that are within your budget. They can also be aware of properties that are coming onto the market before they are advertised so can help get you in before the crowds – Early Bird gets the worm!
Once you have found a home and are wanting to make an offer, they can talk you through that process and help you with what you need to put on the Sales and Purchase agreement.
I can always recommend a buyers agent if you think that would be useful.
Think about other costs
Planning to use all of your deposit towards the purchase can means that you can fall short on settlement day. Make sure you have budgeted for the additional costs.
Don’t rely on “the bank will pay my legal fees” as the banks aren’t always as generous as they once were and any cash contribution from the bank is paid AFTER settlement. Many of these costs arise before.
- Solicitor Costs
- Council LIM and Title
- Mortgage registration
- Building inspections
Be careful when getting Quotes for services that you ask what other costs you are likely to face. Some solicitors only quote their fee and add everything else on later, others quote for all the costs you are likely to encounter.
Still feeling lost?
Book a time
Schedule your FREE one on one
First Home Buyer Strategy session and get the answers to your questions
Ask a Question
Ask me a question.
I will come back to you over email or call you during the day
I need help now
Give me a call!
I answer or respond quickly.
0224 30 60 12