What is a LIM Report? A LIM report (land Information memorandum) is prepared by the relevant local council. A Land Information Memorandum (LIM) report is a summary of information that the relevant local Council holds on a property. You can request a LIM report via the Council yourself or your solicitor...

Question When making an offer on a property do I have to pay a deposit and when should I pay it?   Mcveah Fleming  advise the following;   Answer It depends on the situation. For example if it is a private sale between parties (i.e. no agent involved) the parties may agree that no deposit...

Question As a first home buyer I am looking to use my Kiwisaver towards my deposit for my first home. How much of my fund can I withdraw?   Answer You may be able to withdraw ALL your contributions, ALL your employer contributions, plus any earnings. The only amounts you can’t withdraw are...

Our first home buyer member Shannon asked us the following question;   Can your kiwisaver savings go towards the deposit of your first home, or can it only go towards the mortgage itself once the deposit has been paid? Our answer; The term ‘deposit’ can be a little confusing as it is...

Since the introduction of KiwiSaver and its options for first home buyers, there has been and continues to be confusion regarding the withdrawal option and the deposit subsidy – we hope this will help clarify both of these great options! Firstly there are 2 distinctly different options for First...

Some good advice from Stephen Hart of Hometopia on the subject of pre auction offers. The Pros and Cons of making a pre auction offer!

First Home Buyer Club member Malavika asked I’m a first home buying looking at the Auckland/ Waitakere market right now but a lot of properties in my price range (or the ones we like) are either near a power grid or have power lines running over (or near) the house. I have done some research but...

First Home Buyer Club member Nathan asked; What is the general consensus on monolithic cladding houses with a cavity system installed? I’m a first home buying looking at the Auckland market right now but a lot of properties in my price range are this townhouse property type. I’m nervous that...

One of our First Home Buyer Club Members ‘Amy’ asked; “Would experts recommend home buyers buy a modern home or a older kiwi home and what is the better choice for resale value?” Michael Guy of Bayleys Real Estate Orewa responded as follows; “It depends on a number of factors. ...