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

Optin FHB Mistakes

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
  • Valuation
  • Building inspections
This is not an exhaustive list – A good adviser can explain what costs you may encounter.

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.


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What do other First Home Buyers say?

I wish I could give more than 5 stars here! Duane is one of the best Mortage brokers I have ever met. He is so knowledgeable and easy to approach! Duane made the whole house purchase so easy, stress-free and got us the best deal on the mortgage. We are so glad that we contacted Duane!
Vijay
First Home Buyer
What a champion! I cannot speak highly enough of Duane and his expertise. He helped walk my brother and I through the exciting but intimidating process of purchasing our first home. I can wholeheartedly vouch for all of the reviews already written
K Williams
First Home Buyer
Duane is very professional and knowledgeable. He answered all of our questions in a way that we could clearly understand, as we were first time buyers. He clearly has alot if valuable experience in the industry. Wouldn't hesitate to recommend Duane to anyone 👌
Lucy
First Home Buyer

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