Property

Rocky road to first home

Q: My partner and myself have been on the rocky road to finding our first home. We have had a few issues to contend with.

Sunday, September 25th 2005

Real estate agents don't seem to want to be helpful in giving any advice if they can see we will go conditional.

This has happened four times when we have been shown properties and then said if we were to put in an offer we would have certain conditions. We then were given no service or follow up calls from the agents.

The only conditions we are looking for are as follows: Lim report; finance (we have pre-approval, but you never know); builder's report (we have looked at some new properties less then five years old.)

We thought that these would be quite standard conditions. But it seems estate agents are looking for unconditional offers.

We are making a huge decision and think that it would be unrealistic not to have these conditions in place for our first major investment.

Some of the new properties we were looking at, we wanted to ensure that the company that built them was still in business. We never got a response back from the real estate agent, and after a company search we found they were no longer in business.

We looked at one property that was a good price and had everything we wanted, but it did say a little TLC was required. We are not scared of a little hard work but when we found out it had a major leaking problem on inspection we were disgusted that it was advertised as TLC.

Read More - Opens in a new window
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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