We talk about LVR (Loan to Valuation Ratio's) quite a lot at Priority. But how do you determine what the properties worth? Whether you are buying, selling, wanting a top-up or are just a bit curious, it's good to know how much your property is worth. The figure you found on homes.co.nz is quite different than the government valuation. What’s the difference? How much is the property actually worth? And what value is the bank going to use?
A home is usually the single largest investment that you will make in your lifetime. Most buyers tend to spend a great deal of time and energy searching for or designing "the perfect home", even before signing any contracts!
Having an imperfect credit-score can make home ownership seem like dream. But that's not necessarily the case. Your credit score and your financial history has a huge impact on your lending ability. Anything unpaid can result in a mark on your credit score - unpaid credit cards, invoices, personal loans, household bills...
#howtomakeanoffer Part Four: What do I pay for a deposit?
If you offer has been accepted (Awesome!) and you have gone unconditional (you have met all of the conditions on your sale and purchase agreement) you will be required to pay a deposit. The deposit is part of the sale and purchase agreement that you signed at the start -and that is what you are bound to. So how do you know what to pay?
A home is usually the single largest investment that you will make in your lifetime. Most buyers tend to spend a great deal of time and energy searching for or designing "the perfect home", even before signing any contracts!