Frequently Asked Questions

Closing costs can vary depending on the property's price and location. On average, they can range from 2% to 5% of the property's purchase price.

Yes, many first-home buyers in New Zealand withdraw part (or all) of their KiwiSaver balance to help with their deposit. However, there are specific eligibility criteria, so make sure to check with your KiwiSaver provider or consult the official KiwiSaver website for details.

 A LIM (Land Information Memorandum) is a council-prepared document outlining key property information—such as building consents, drainage, and zoning. Most buyers order a LIM before finalizing a purchase to identify any potential issues, particularly for older or renovated properties. 

 Definitely. Though not legally required, a professional building inspection can reveal hidden problems like leaks, structural faults, or pending maintenance. This info can influence your offer price or whether you decide to proceed. 

  House prices and market activity can differ significantly between cities (Auckland vs. Wellington vs. Christchurch) and even within regions. Factors like population growth, local infrastructure projects, and employment opportunities often shape property values in any given area. 

 Yes. In New Zealand, it’s common practice to hire a solicitor to handle the legal aspects of buying or selling real estate. They’ll review the Sale and Purchase Agreement, facilitate title transfers, and ensure your interests are protected throughout the process. 

•  A registered valuation is carried out by a qualified valuer and provides a current market estimate.
• A council valuation (CV/RV) is mainly for setting your rates. It doesn’t necessarily match the property’s true market value at the time of sale.

 Yes. The seller usually pays the agent’s commission, which might range between 2% and 4% of the final sale price. It’s wise to compare different agents’ fee structures and marketing services.

•  We’re not licensed real estate agents – we’re a lead-generation and property information service. We don’t list or sell properties on behalf of homeowners, and we don’t directly represent buyers in negotiations.
• We act as a connector and researcher – we compile property info for buyers and recommend top local agents for sellers, saving you time and effort.
• We earn referral fees and/or small service fees – traditional agents typically earn a commission (a percentage of the home’s sale price). Our fee structure is different because we’re providing information and introductions rather than brokering an actual sale.

In short, think of us as your real estate research assistant—helping you navigate the market, find great properties, or connect with the right agent.

 You can, but it should be conditional on finance. Going unconditional without securing finance could risk your deposit (and legal consequences) if the loan falls through. 

•  Conditional: The buyer’s offer depends on certain conditions—like approved finance, a satisfactory building report, or solicitor’s approval.
• Unconditional: The buyer commits to purchasing the property with no further conditions. Once accepted, the sale is legally binding.

 A broker can compare rates and terms from multiple lenders, which may secure you more competitive deals. Going direct to your bank can be simpler if you have a longstanding relationship. Choose whichever approach fits your situation best. 

 They’re estimates based on algorithms—recent sales, council data, etc.—so they provide a ballpark figure. For a more precise valuation, consider a professional appraisal by a registered valuer or a market appraisal from a real estate agent. 

  The Bright-Line Test is a tax rule requiring you to pay income tax on profits if you sell a property (other than your main home) within a specified timeframe (usually 10 years, though it has changed over time). Check Inland Revenue’s site or consult a tax advisor to confirm if it applies to your situation. 

  Most banks require proof of house insurance before they’ll finalize your mortgage on settlement day. It’s safest to have insurance lined up once your offer goes unconditional. 

 Settlement periods vary, but 20 to 30 working days after going unconditional is common. This timeline can be negotiated based on both the buyer’s and seller’s needs. 

 Yes. For eligible buyers, there’s the First Home Grant (formerly the HomeStart Grant), which can provide up to $10,000 for new builds or $5,000 for existing homes (per person). Income caps and property price limits apply.