Are you or one of your family members planning to buy a first home? Share our guide to help them navigate the process with confidence.
Purchasing your first home is exciting - but it can feel overwhelming. At Glaister Keegan Lawyers, we help first-time buyers navigate the legal side of property transactions with confidence. Here are key steps and tips to get started:
Build Your Support Team Early
Before you start attending open homes, assemble a small team of trusted professionals:
- Lawyer: Engage a trusted lawyer (like us) before you start house hunting. We’ll guide you through agreements and complete mandatory Anti-Money Laundering checks upfront so you’re ready when you find the right property.
- Mortgage Broker: A broker can help you secure finance on favourable terms and explain lending conditions.
- Building Inspector: A qualified inspector can provide an independent assessment of the home’s condition, whether it’s a new build or an older property.
Secure Pre-Approval and Understand Your Finances
Get pre-approval from your bank or mortgage broker before you start making offers. Ask whether your finance is conditional on a valuation, and make sure you’re comfortable with repayments if interest rates rise. If you’re using KiwiSaver, confirm your eligibility and timeframes well in advance, especially if the funds will be used to pay your deposit.
Keep in mind that the agreement deposit (usually 10%) is different from the bank’s deposit requirement (often 20%, unless you qualify for a low-deposit loan).
Making an Offer – Know What You’re Signing
Most property sales use the standard REINZ/Law Society Agreement for Sale and Purchase. Always have us review it before you sign, as once the agreement becomes unconditional, you’re legally required to settle. It’s always cheaper and safer to involve a lawyer before signing than to fix problems later.
Common conditions to consider including are:
- Finance condition – gives you time to confirm your loan approval.
- Building inspection – ensures the property is structurally sound.
- LIM report – provides council information such as consents and hazard risks.
- Lawyer’s approval allows us to review and confirm the agreement’s suitability.
- Due diligence clause for broader protection as to assessing the suitability of the property.
If you’re buying at auction, your offer is unconditional, so complete all due diligence before auction day. Using KiwiSaver for an auction deposit can be complex, contact us well before auction day.
Complete Proper Due Diligence
We will check the record of title to confirm ownership type (fee simple, cross lease, or unit title) and identify restrictions such as easements, covenants, or consent notices.
Other things to consider:
· You should also obtain your own LIM report, which includes building consent records and hazard information. Combine this with a professional building inspection, especially important for homes built between 1980 and 2010, when weather-tightness issues were more common.
· If the property is on a cross lease, make sure the dwelling matches the flats plan on the title. Any unapproved alterations could create legal or financing issues.
· For unit titles, review the pre-contract disclosure statement, body corporate minutes, and the long-term maintenance plan to identify potential defects, levies, or disputes.
Avoid Common Mistakes such as:
- Signing before getting legal advice
- Skipping building or LIM reports
- Assuming KiwiSaver funds or insurance will be available at short notice
We’re Here to Help
A first home is a major investment. Early legal advice can prevent costly surprises and ensure the process runs smoothly. If you’re thinking about buying, our team can guide you through every step from reviewing agreements to settlement day so you can buy with confidence. Visit our website for our comprehensive guide to first home buying or get in contact with us today.


