Hammering home your offer
House hunters are now competing in a shallow listings pool, forcing more of them to attend auctions - fraught with traps for the inexperienced.
| Buying a home |
| You're keen on a house and seriously thinking about buying it. Now comes the scary part, right? What if someone tries to rip me off? How will I keep up with the mortgage repayments? Well, as long as you know where to go, who to talk to and the right questions to ask, there's really nothing you can't handle. |
House hunters are now competing in a shallow listings pool, forcing more of them to attend auctions - fraught with traps for the inexperienced.
Reserve Bank Governor Allan Bollard refrained from moving interest rates this week, but economists predict those at the mercy of market forces can expect the return of hefty interest rates in coming years. The Weekend Herald approached four financial experts for advice for those struggling with mortgages - or considering taking one on.
Ponsonby apartment owner Tanya Stirrup says her body corporate has gone "consultancy crazy", incurring a $236,500 bill for leaky-building investigations.
In Auckland, the people renting apartments seem to be a mixture of students or well-off yuppies who live around the Viaduct. How does the Wellington scene compare? And is the quality of apartment stock there better than Auckland?
Making offers scares a lot of residential buyers. Unlike hard-nosed investors, who buy and sell without emotional considerations, most buyers have at least partially fallen for a home in order to even get to the offer stage.
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