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Hello First Home Buyer

Here to support you on your journey as a first home buyer giving you confidence, clarity and care.

Buying your first home can be one of the biggest and most important purchases you make in your life therefore, if it matters to you, it matters to us as we want you to feel supported and cared for through the whole process starting with giving you some ground knowledge on buying your first home.

Whether you are in the process of buying your first home, saving for your future home or just dreaming about your first home we would love to help you in your journey!

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Let’s Get Moving

Let’s Get Moving

Let’s Get Moving

Let’s Get Moving

Let’s Get Moving

Frequently asked questions

Do I need a lawyer?

Yes!

When buying your first home the lawyer’s role involves, ensuring all legal documents are completed and signed, moving the funds from the buyer to the seller, ensuring that the land registry is updated and more.

We are also here to help and make the process as easy as possible – feel free to ask as many questions as needed!

What are the different types of sales?

Deadline sales – A deadline sale is when a property is marketed for a set period of time with an advertised end date. A buyer can make a conditional or unconditional offer on or before the deadline date if the campaign allows prior offers.

Priced Property – Clear indication on what the vendor wants – Negotiation over, prices over, enquires over. – With a fixed price campaign, the price is stated on advertising and there is no deadline by which the property has to be sold. Buyers feel encouraged to make offers as they know the price at which you are willing to sell.

Price by negotiation – With this type of sale, the property is marketed with no price which encourages buyers to offer what they believe your home is worth. You have the ability to negotiate with buyers and accept conditional offers, and no deadline is set.

Auction – Unconditional sale – The property is sold to the buyer with the highest bid after the seller’s reserve price is reached. A buyer is not able to attach conditions to an auction purchase. Once the bid is accepted and the auctioneer’s hammer has fallen, the sale will be unconditional and you as the buyer will be obliged to complete the transaction. Auctioneers sometimes use vendor bidding to start the auction or to move bidding toward the reserve price. A vendor bid can be made by the auctioneer or a person working on behalf of the seller, such as the real estate agent working for the vendor. This is only allowed if the property has a reserve price, the reserve price hasn’t been reached, and the bid is clearly identified by the auctioneer as a vendor bid.

How can family funds be protected under future relationships/home ownership?

You can enter into a relationship property agreement, to protect your assets; these ring fence what you bring into a relationship, but you need to enter into these before you have been in a committed relationship for more than three years.

If you are buying with someone who is not your life partner, then you can use a property sharing agreement.

In both cases you can own as tenants in common which means you own individual shares in the property.

What happens if there is an issue in the due diligence process?

Example 1: In the building report they find that something that needs fixed. Can the agreement be renegotiated to lower price, or will it be required to be fixed pre settlement?

As a buyer, you may cancel the sale based on the building report if you are unhappy with any aspect. However, this must be considered to be on reasonable grounds. You may also be asked to provide a copy of the building report to the vendor.

If you would like to have something fixed before settlement, you can speak with your lawyer, and they will email all parties with what needs to be done prior to settlement. In a different situation where the issue is costly, with the help of your lawyer, you may be able to negotiate a price reduction, however, this too needs to be on reasonable grounds.

Overall, You can request that it is fixed, or renegotiate the price but remember the seller doesn’t have to agree. Note that your bank/lender may also want any change in price to be a contribution to the cost of works rather than a price reduction.

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First Home and Wills Deal

Purchase your first home with us and get 50% off your wills!

Payment for purchase and 50% off wills price due on settlement.

Wills must be completed within 6 months of settlement of first home.

Must do purchase of first home through Wesley Jones Law.

Must mention deal in initial communication

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CONTACT US

First Home Grant – Update as of 1 pm, 22nd of May 2024.

If you HAVE APPLIED before 1 pm 22 May 2024 Please type “applied” and let us know if you have heard about pre-approval.

If you HAVE NOT applied please note as of 1 pm, Wednesday, 22 May 2024 “At the direction of the Government, we have stopped accepting new applications for the First Home Grant” Thus, unfortunately, you are no longer able to at this stage to apply for this grant – please leave this section blank. For more information head to Kainga Ora’s website.