My partner and I have bought three houses to live together, plus several investment properties. The homebythesea is certainly not our first home. It may well be our last. (On the other hand, now that I write that it sounds terribly final!).
This particular house purchase was more fraught than many, the process of buying a house in New Zealand is pretty straightforward. Certainly a lot simpler than the UK system where guzumping is very common. The basic system is
- make an offer for a house via the real estate agent – there is a standard form;
- add any special conditions you want: finance, a building report , a LIM from the local council, and solicitor’s approval of title are the most common.
- once the conditions have been satisfied (usually 10 working days), the contract is final, and the deposit is paid
- on settlement day money is exchanged via the solicitor’s and the key via the real estate agent.
Of course that’s just the legal side of buying a house. Byuing a home is much more emotional – as you can read in my posts below!