Summer is an excellent time to sell property, say some property experts. Families looking to buy and move into a school zone are usually more active over summer, and what home doesn’t look its best when the trees are green, lawns are lush, and flowers are blooming? If you are considering selling up this summer, take a look some of these useful tips for preparing your property for a summer sale.
Topics: Buying, Summer, Real Estate Agents, house sales, property sales, Property Valuation
Buying off the plan is becoming an increasingly popular option for good reason. As well as getting a brand new home, you’re also buying at a set price and usually only need a small deposit. However, if you do decide to go down this route, it’s vital you go in with your eyes wide open. Here are some of the things you need to think about when buying off the plan.
Topics: Buying Off-The-Plan, Mortgages, Buying Off-Plan, Information on buying and selling, house sales, NZ Mortgage Adviser
There’s a growing concern amongst economists that Kiwis are financially ill-prepared for the worst. And, as a country with one of the lowest spends on insurance, it’s not hard to see why. We share some of the steps you can take starting today to better position yourself for tough times ahead.
Topics: Mortgages, Financial Health, Real Estate Agents, Information on buying and selling, house sales, NZ Mortgage Adviser, financial review
When selling a property, one of the most important steps is generating interest, and the best way to do this is through a focused marketing campaign. A strong marketing campaign will help you sell your property in the shortest amount of time, for the best price, with the least amount of aggravation. Here are our tips to help get you started.
Topics: Mortgages, Real Estate Agents, Information on buying and selling, house sales, NZ Mortgage Adviser
When it comes to choosing a home loan, interest rate is not the only thing to consider. Loan features – like the ability to make extra repayments, a line of credit, an off-set account, or repayment holidays – are just as important. To help you understand what features you could be offered by your lender, we’ve outlined some of the more popular options.
Topics: Buying, LVR, Mortgage, new zealand real estate, First Home Buyer, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio
The 2017 New Zealand election may be out of the way but its impact is still being felt in the NZ property market. Uncertainty continues to weigh in with spring sales noticeably lower than previous years. Nationwide residential property values rose for September, although a much smaller increase was recorded in the Auckland region. Read on to find out how New Zealand’s property market is expected to perform, post-election.
Topics: Buying, LVR, Mortgage, new zealand real estate, First Home Buyer, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio
Changes to the Loan to Value Ratio (LVR) and an overall tightening up on low deposit lending has seen banks and lenders charge a number of additional fees to borrowers with less than a 20% deposit. One of these fees is a Low Equity Margin (LEM); a percentage added to your interest rate that remains there until your loan reduces to the 80% threshold. As a borrower, it’s important you’re clear on exactly how this fee is charged.
Topics: Buying, LVR, Mortgage, new zealand real estate, First Home Buyer, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio
Despite record low interest rates, more and more homeowners are struggling to meet their home loan repayments and are experiencing “mortgage stress”. Even the slightest increase in interest rates could leave these homeowners vulnerable and unable to repay their mortgage. Let’s take a look at what “mortgage stress” is and how you as a homeowner can deal with it.
Topics: Buying, Mortgage, new zealand real estate, First Home Buyer, Second Home, house sales, mortgage ready, property sales, mortgage stress
Finding the right home loan isn’t as easy as it sounds. With so many mortgages on offer – each with its own conditions, terms, features and rates – it can start to feel like you’re navigating a mine field. To help you avoid a potentially costly mistake, here are some of the mortgage traps you need to look out for when choosing the right home loan.
Topics: Buying, Mortgage, new zealand real estate, First Home Buyer, Second Home, house sales, mortgage ready, property sales, mortgage traps
It’s the latest buzzword in the property industry: Rentvesting. Renting where you want to live, buying where you can afford to. And it’s proving a popular option, particularly amongst younger first home buyers who are keen to invest in their future without foregoing their lifestyle. So, what are the benefits of rentvesting and is it for everyone? Read on to find out.
Topics: Buying, Mortgage, new zealand real estate, First Home Buyer, Second Home, family trust, house sales, mortgage ready, property sales, rentvesting
