First Home Buyers Club Blog

Posts about:

Legal

Key Clauses in the ADLS/REINZ Agreement for Sale & Purchase of Real Estate

Schnauer & Co have previously addressed this in article “Breaking down the sale and purchase agreement” back in 2018. However, there have been many changes to the agreement since then.  We are currently up to the eleventh edition 2022 (3) of the ADLS/REINZ Agreement for Sale and Purchase. It is best for you to use this form when making an offer by negotiation or, if the sale is by way of an auction, ADLS/REINZ have produced a separate agreement for auctions (the Sixth Edition 2022 (2)). If you are attending an auction then we recommend that you refer to our article “Purchasing A Property At Auction”.  

Read More

Co-owning property with family or friends

We have previously addressed this topic in our article “5 Creative Ways to Get into Your First Home” which was published on our blog last year.  Since then, we have noticed that this topic has been in the media and it appears that first home buyers (“FHBs”) raise concerns about this option being too restrictive or complicated. It also appears from social media posts that there is a major lack of understanding when it comes to the current Bright-line rules.  Generally, there is also a lack of knowledge in relation to how a property sharing agreement (“PSA”) can make a group purchase less complicated.  

Read More

Legal Toolkit: Do I need a Contracting out Agreement or a Property Sharing Agreement?

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

Read More

Legal Toolkit: The Importance Of A Will

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

Read More

Legal Toolkit: Purchasing A Property At Auction

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

Read More

Legal Toolkit: The Bank of Mum and Dad – Loans vs Gifts

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

In the first 2 parts of the series, we discussed the solicitor approval condition and the process to follow when you are not able to satisfy conditions in the agreement for sale and purchase.

In this Part 3, we will highlight the differences between a loan from parents vs a gift from parents (AKA the bank of Mum and Dad).

As always we recommend getting good independent legal advice.

Don't forget to take advantage of Schnauer & Co's First Home Buyer Member Offer for a free 60 minute consultation.

Read More
sales-purchase-agreement

Legal Toolkit: Expert Tips for First Home Buyers Part 2

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

In part one of the series, they covered the Solicitor's Approval as a condition of a Sale & Purchase Agreement.

This week they cover off some important changes to the sales and purchase agreement which impact on  standard conditions, what this means for you and options you may have.

As always we recommend getting good independent legal advice.

Don't forget to take advantage of Schnauer & Co's First Home Buyer Member Offer for a free 60 minute consultation.

Read More

Legal Toolkit: Expert Tips for First Home Buyers Part 1

The team at Schnauer and Co. have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over [6] easy to read articles, and they are all designed to help you achieve your goal of home ownership in NZ.

Read More

The main risks of buying off the plans

Schnauer and Coare a North Shore-based law firm that has developed its legal expertise to encompass nearly every area of the law – so they can walk alongside their clients throughout their lifetimes, and those of their families. They combine the experience of their more than 30-year history and expert team with a lateral thinking, flexible approach to problem-solving. 

In partnering with The First Home Buyers Club, Schnauer and Co. have expressed a commitment to helping educate and advise first home buyers through the process of buying their first home.

You can take advantage of Schnauer and Co.'s First Home Buyers' Member Offer here.

Read More