First Home Buyers Blog:
So, You Think You are Ready to Make an Offer?
Often first home buyers don’t know where to start or when they are ready to make their first offer. As a first home buyer, there is often so much information to process, that it can feel overwhelming.
The Challenges of Cross Lease Properties
Cross lease developments started in the late 1950s and it allows multiple people to jointly own a section of land and the structures on it. It is a combination of freehold and leasehold ownership.
Boundary Harmony: Navigating Encroachments
Every so often, Schnauer & Co will have enquiries from clients about an encroachment that they have become aware of, many years after purchasing their property. For example, you have your land surveyed and find out that your neighbour has built a fence, not on the boundary, but actually on your land. Or there is a structural addition that extends beyond the legal property boundaries.
Key Clauses in the ADLS/REINZ Agreement for Sale & Purchase of Real Estate
Schnauer & Co have previously addressed this in article “Breaking down the sale and purchase agreement” back in 2018. However, there have been many changes to the agreement since then. We are currently up to the eleventh edition 2022 (3) of the ADLS/REINZ Agreement for Sale and Purchase.
Co-owning Property with Family or Friends
Co-owning property with family or friends doesn’t always mean that all the purchasing parties will reside at the property. Sometimes one party is helping another party get on the property ladder but they still want to reserve their right to have some benefit in the form of rent or a percentage of any profit margin when the property sells in the future.
Legal Toolkit: Expert Tips for First Home Buyers Part 1
The team at Schnauer and Co. have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over [6] easy to read articles, and they are all designed to help you achieve your goal of home ownership in NZ.
Breaking Down The Sale & Purchase Agreement
The Sale And Purchase Agreement can be a daunting document for first home buyers. As a legal document it is important that you make sure that you are fully informed about your legal obligations. It is also the opportunity to ensure that you include all the conditions needed to be able to check out the property to satisfy yourself and the bank that it is a solid purchase.