A guide to buying your first home We get you into a home, not just a house
Are you feeling overwhelmed and suffering from an information overload about buying your first home? Don’t know where to start and feel like the pressure is getting to you? Here at Hearth Inc. we are dedicated to getting you started and helping you find your first home.
Buying your first home requires a budget and a plan. Our free seminars will help you plan to buy your first home. Learn how to find your ideal home and manage ongoing costs. Our seminars will teach you everything you need to know and answer all first home buyer questions. Keep reading to find out more information about our free seminar evenings.
Know your limits …show more content…
We can then advise you on what to do next.
The four main ways to buy a home are:
• By offer and negotiation (usually done via the real estate agent)
• By auction (where all interested parties place bids against each other)
• By tender (where all interested parties put in a written offer for the seller to consider)
• By private sale (usually done without a real estate agent and is a negotiation between the seller and buyer)
Lawyer’s fees
Lawyer’s fees vary so it is important to shop around to find one to suit your needs. You will need a lawyer to overlook the sales agreement prior to signing. Your lawyer will also deal with the conveyancing once you purchase your home.
Information about the legal issues pertaining to purchasing a home can be found at www.propertylawyers.or.nz
Builder’s reports and LIMs
An experienced builder inspects the house and completes a builder’s report at your expense. You are able to use the report to identify any problems with the house which could save you thousands of dollars in the future. You can obtain a Land Information Memorandum (LIM) from your local council, or have your lawyer obtain it for you. A LIM identifies problems or possible restrictions placed on the