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The 3 dream team picks you must have when buying a new build.

🚨 Spoiler alert—Your know-it-all uncle is not one of them.

Thinking about buying a house in 2023?


You’re going to need a dream team.

While you can research the property market, save for a deposit & pay off debt without needing anyone's help, eventually, you’ll need people who can help you navigate the various stages of purchasing a property.


A common mistake first home buyers make is building a mediocre team:

  • Family

  • Friends

  • Closest to you

  • Cheapest

  • First people recommended to you

We’re looking for the best of the best.


Here’s the kind of teammates you’ll need and how to pick the cream of the crop:


Mortgage Broker


A great broker is not just there to get you a mortgage, They can also advise you on:

  • Budgeting

  • Kiwisaver

  • Saving for a deposit

  • Paying off debt

  • Insurance

Mortgage brokers can help you understand your financial position from a high level and then make a roadmap to home ownership as well as getting you the best deal possible with a bank.


When buying new, it’s important that your broker is knowledgeable when it comes to:

  • Kainga Ora Grants

  • 10% deposits

  • Pre-allocated titles

  • Pre-approvals for off the plans

You’ll also want to make sure your broker is a registered financial advisor.


Lawyer


When considering a home to purchase, a lawyer’s primary role is to protect you from risk.


Buying a property, involves some complicated legal paperwork so you’ll need a lawyer to help interpret what the contract says and it’s implications for you if you sign it.


Keep in mind, a good lawyer is skilled in highlighting the risks of a contract. Their role is to help protect you from taking on unnecessary risk. It’s ultimately up to you to weigh up the risks and benefits of a contract based on what your life goals are. No risk, no reward.


If you’re looking at a new build purchase, you’ll want to look for a lawyer who handles off-the-plans contracts on a consistent basis.


Also, ask your solicitor what their rates are. Some lawyers charge a flat fee for handling the contract for you, others might charge hourly.


Real Estate Agent


A real estate agent is the link between you and the property market.


Always right in the thick of it, a great agent is constantly feeding you information from the front lines of the market.


However, not all agents know the ins and outs of buying off-the-plans.

There’s a big difference between buying an existing home and a new build. So look for agents who routinely list new build properties for sale.


Ask them:

  • "What has changed this week in the market?”

  • "What do you think is the best value for money at the moment?"

  • "Which developers have property ready to move in now?"

Reaching out to a broker, lawyer & agent early will make looking for a home less stressful than it needs to be.

If you' don't know where to start we've got plenty of trusted options you can choose from.

Simply email hausia@faisandier.group to get connected.

 

Hi I’m Hausia,


I help first home buyers make better buying decisions.


If you want access to arguably the best off-the-plans mortgage advisor in Lower Hutt, click ‘contact us’ below or head straight to his website here.


If you have any questions about something you've read in the blog, email hausia@faisandier.group.


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