HouseMe Legal’s 5-Step Buying Process On Making an Offer

Click here to download our Checklist 5-Step Buying Process On Making an Offer B.U.Y.I.T.

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1) B IS FOR ... BOOK A CALL

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Step 1: Book a Zoom Call to Map Out Your Journey.

HouseMe Legal offers a free 15-minute, no-obligation call. On this call, we will discuss and map out the following details:

• building a deposit
• getting pre-approval
• how you will own the property
• relationship property
• using Kiwisaver
• compliance e.g. IRD, AML, and residency requirements
• your personalised fixed fee for agreed services
• Buying Checklist
• Free DIY Due Diligence Checklist
• Asking the Professionals Due Diligence Checklist
• Understanding HouseMe Legal’s transparent pricing model

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Following this call, we will be able to give you a fixed fee for the purchase of [insert address].

Book a call here.

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Please note, legal fees do not start at Step 1.

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2) U IS FOR ... UNDERSTAND THE MONEY

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Step 2: Meet with your Mortgage Adviser.

• Schedule a meeting with a mortgage adviser to get pre-approval to buy. At this meeting, the mortgage adviser will cover topics such as:
• interest rates
• qualifying for a loan
• loan amount
• deposit amount
• loan structure
• loan to value ratios
• assessing the serviceability of your loan
• generic pre-approval and live approval

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Note it may take a few weeks to get pre-approval. Normally, your lender will write a generic approval that will be valid for 90 days

Contact our trust mortgage advisers here.

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Please note, legal fees do not start at Step 2.

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3) Y IS FOR ... YOU / DIY

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Step 3: DIY Due Diligence for Free - Do It Yourself.

Start doing your own due diligence including

• Going to open homes
• Researching the property/area e.g. talking to neighbours, friends, etc.
• Understanding the local community e.g. schools, public transport, and local amenities.
• Receiving approval to withdraw your Kiwisaver

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Download HouseMe Legal's Free DIY Checklist.

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Please note, legal fees do not start at Step 3.

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4) I IS FOR... INVOLVE THE PROS

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Step 4: Due Diligence - Paid Help - Ask the Pros.

Tasks you may need help with that will cost you money are:

• Reviewing the record of title
• Reviewing the sale and purchase agreement
• Building inspection
• Ordering and Reviewing the LIM
• Ordering and Reviewing Property File
• Ordering a Valuation
• Click here to review our spreadsheet of approx due diligence costs
• How to get yourself ready to make an offer on a property or bid for a property at auction

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Download our Working With the Professionals Checklist.

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Please note, legal fees start at Step 4.

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5) T IS FOR ... TIMING

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Step 5A. Make a conditional offer.

Depending on the property and the situation, we’ll advise how you can maximise your chance of securing the property while staying protected.

Most conditional offers follow one of these two common scenarios.

They use a wide due diligence clause:

• Due Diligence Condition

Or select specific condition(s):

• Finance Condition
• Building Report Condition
• LIM Report Condition

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Step 5B. Make an unconditional offer.

If your dream home is going to Auction, you’re going to have to make an Unconditional offer. This means you need to have completed your due diligence ahead of making your offer.

It’s not as scary as it sounds, we will be your guide.

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How to submit an unconditional offer.

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Check out HouseMe Legal’s How to get ready to make and offer on a property guide.

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Please note, if you are unsuccessful with your offer, we will cap our legal fee at $600 plus GST and expenses.

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SETTLEMENT

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Your offer will either be:

Accepted - Countdown until Settlement begins.

Counter Offer from the Seller - Prepare for negotiating.

Rejected - Return to Step 3.