Archive of: buying property
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Mortgage advice posted December 14, 2011
Two interesting scenarios have come across our desks in the last 10 days and I hope they demonstrate to you why you would use the go2guys as your mortgage broker over the DIY approach. In the first case we suggested to a couple that they tidy up a handful of things (especially their account conduct) [...]
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Auctions and the low deposit mortgage posted July 7, 2011
Of all the methods of buying property, auctions are probably the most exciting. Certainly reality TV has turned them into something of a ‘glamour event’ and stories abound of people going to auction and buying very well. If you’re thinking about buying at auction and you have a 5% deposit there’s two things to [...]
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Timing – working days vs days posted May 15, 2011
Time-frames in sale and purchase agreements can be crucial because the timing of one event normally impacts on whether subsequent events can take place (or not!). We recently read of an example where Sam* had signed up for a house with the settlement date being 60 working days from the date of the agreement. This suited [...]
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$18,000 house deposit – thanks Kiwisaver! posted May 15, 2011
I’ll cut straight to it – if you’re not in Kiwisaver yet (or an equivalent scheme), somethings wrong with you. Although thousands of people have signed up there is still a group of people who seem paranoid about getting into it. In terms of simplicity it’s a good scheme. That a heap of people who [...]
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How hard is it to borrow now? posted May 15, 2011
Everyone knows that the banks have become very conservative with their lending criteria and there is no doubt this has created challenges for all property buyers. But the property market still moves. Sales volumes are anaemic but houses are still selling. So someone is buying them (often with a mortgage) which means banks are still [...]
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Waiting game not always a good idea posted May 15, 2011
It’s often said that taking a wait and see approach can mean you avoid the trap of doing something you’ll later regret. Just because someone says ‘now is the time to act’ doesn’t mean they’re right. Half the time they’re saying it simply because they see the opportunity to make a dollar off you rather [...]
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