buying a house

Old Sep 2nd 2009, 3:21 pm
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Default buying a house

just a general question

how long if you had money in the bank , would it take to buy a house from start to finish three weeks six weeks hopefully someone might know cheers
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Old Sep 2nd 2009, 7:01 pm
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Default Re: buying a house

Three or less - we did it in three. Depends on your seller of course, but poeple tend to get less tied up in chains etc here
Just make sure you get a good inspection done and have your satisfaction with the results of this as a condition in the sale and purchase agreement
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Old Sep 2nd 2009, 9:52 pm
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Default Re: buying a house

Ours took 6 days. That included arranging a mortgage and getting a survey done and one of those days was a bank holiday. A lot can depend on the sellers as well and their circumstances, ie whether they have to find somewhere to shift to. You can make your offer subject to certain conditions - a moving in date for one. The process here is a lot simpler and quicker than UK.
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Old Sep 2nd 2009, 10:15 pm
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Default Re: buying a house

Very quickly, scarily so when you are used to UK timelines.
It took us about 3 weeks which made our purchase time in the UK of one year look ridiculously long. When you say yes here and sign on the dotted line - you have bought! So make sure that if you have any uncertainties they are listed as possible pull out clauses.
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Old Sep 3rd 2009, 1:28 am
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Default Re: buying a house

Originally Posted by TeamEmbo View Post
Ours took 6 days. That included arranging a mortgage and getting a survey done and one of those days was a bank holiday. A lot can depend on the sellers as well and their circumstances, ie whether they have to find somewhere to shift to. You can make your offer subject to certain conditions - a moving in date for one. The process here is a lot simpler and quicker than UK.
We did it in 10 days. Which was nice.
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Old Sep 3rd 2009, 3:55 am
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Default Re: buying a house

You can get your mortgage approved in 1 day
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Old Sep 5th 2009, 1:41 am
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Default Re: buying a house

It's very different from the British system and I must say the houses aren't well built here (most are wood with no insulation and no double glazing and you'd be lucky if they had a wood burner to heat the house up). If it's a good house then generally the seller gives a date where everyone has to put their best offer in (it can be with certain clauses, like 'subject to survey') and then they choose the best offer on that day. If they don't choose yours, you don't get a second bid and you lose it. If they chose you, you sign that day and agree a moving date. Can take less than 3 weeks. It's all on the side of the vendor though. Also be wary of estate agents - they're not bound by the same laws as the UK and are not always honest. Good luck. Strongly suggest you rent first to get a feel.
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Old Sep 5th 2009, 6:21 am
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Default Re: buying a house

Originally Posted by Harps View Post
It's very different from the British system and I must say the houses aren't well built here (most are wood with no insulation and no double glazing and you'd be lucky if they had a wood burner to heat the house up). If it's a good house then generally the seller gives a date where everyone has to put their best offer in (it can be with certain clauses, like 'subject to survey') and then they choose the best offer on that day. If they don't choose yours, you don't get a second bid and you lose it. If they chose you, you sign that day and agree a moving date. Can take less than 3 weeks. It's all on the side of the vendor though. Also be wary of estate agents - they're not bound by the same laws as the UK and are not always honest. Good luck. Strongly suggest you rent first to get a feel.


I have to say that the standard of housing in NZ has improved immeasurably in the past 5 years and should a person CHOOSE to buy a house without insulation or heating, there is now some government assistance now to improve insulation and indeed your heating situation.

If someone has a problem or complaint regarding a transaction or sales person they can go to these people
http://www.reinz.org.nz/reinz/public...dvice_home.cfm

Hopefully this will be helpful to those just starting out
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Old Sep 5th 2009, 9:32 am
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Default Re: buying a house

hi harps

we lived in tauranga, for seven months and we did have a rental for $360 per week,
we could be on way back early next year, would stay with friends so would want, to buy as soon as
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Old Sep 5th 2009, 9:47 am
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Default Re: buying a house

Originally Posted by P2L View Post
I have to say that the standard of housing in NZ has improved immeasurably in the past 5 years and should a person CHOOSE to buy a house without insulation or heating, there is now some government assistance now to improve insulation and indeed your heating situation.

If someone has a problem or complaint regarding a transaction or sales person they can go to these people
http://www.reinz.org.nz/reinz/public...dvice_home.cfm

Hopefully this will be helpful to those just starting out

People should also be aware that the government only made insulation and double-glazing regulations statutory for new buildings in 2007/8, so you'd have to CHOOSE one of those houses. They should also be aware that the government assists with 33% of the cost of insulating the house and only for underfloor and ceiling insulation.
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Old Sep 5th 2009, 7:57 pm
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Default Re: buying a house

Originally Posted by Harps View Post
People should also be aware that the government only made insulation and double-glazing regulations statutory for new buildings in 2007/8, so you'd have to CHOOSE one of those houses. They should also be aware that the government assists with 33% of the cost of insulating the house and only for underfloor and ceiling insulation.
Not entirely true. A degree of insulation has been mandatory for much longer than that and most houses built in the last 20-30 years probably have some insulation. The rules did become much tougher (ie better) recently though.
Remember, all this can be retrofitted - you just need to establish what the house has before buying, and budget accordingly to bring it up to yuor requirements.
Personally, I don't see lack of DG as a deal-breaker in a house; quite nice to have but not essential, at least not in Auckland and north
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Old Sep 5th 2009, 9:51 pm
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Default Re: buying a house

Originally Posted by Harps View Post
If it's a good house then generally the seller gives a date where everyone has to put their best offer in (it can be with certain clauses, like 'subject to survey') and then they choose the best offer on that day. If they don't choose yours, you don't get a second bid and you lose it. If they chose you, you sign that day and agree a moving date. Can take less than 3 weeks. It's all on the side of the vendor though. Also be wary of estate agents - they're not bound by the same laws as the UK and are not always honest. Good luck. Strongly suggest you rent first to get a feel.
That's a tender process you're talking about. Also, come 17th November the laws governing Real Estate agents will be tougher than in most countries,
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Old Sep 5th 2009, 9:55 pm
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Default Re: buying a house

Originally Posted by concretepump View Post
just a general question

how long if you had money in the bank , would it take to buy a house from start to finish three weeks six weeks hopefully someone might know cheers
Hiya - you'll know that you have to make your offer subject to a LIM report and building inspection being satisfactory to you. These clauses are usually to be carried out within 3-5 working days. These days, because of a shortage of houses to buy, sellers are looking for settlements of up to 3 months so just be wary of that. Good luck.
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