First Home Buyers Guide: Making an Offer
Thinking about putting in an offer on your first home? It pays to get the details right. Here’s what to check before you sign anything.
Get your finance in place
Before you make an offer, get pre-approval from your bank or lender. This gives you a clear budget and shows sellers you’re serious.
If you plan to use your KiwiSaver, contact your provider early. You can often apply for pre-approval to confirm you meet the criteria.
Make sure you have the paperwork ready for your KiwiSaver first home withdrawal. Processing can take 10-15 business days, so bear this in mind—especially if you need the funds to pay the deposit.
Check for any concerns
Take a good look at the property. Are there any issues that worry you? Depending on the property’s age and condition, you may want a building report or other inspections.
If something feels off, talk to us. We can help you decide what checks are sensible and advise on conditions to protect you.
Understand the Sale and Purchase Agreement
Most offers in New Zealand are made using the standard Agreement for Sale and Purchase. It records the purchase price, deposit, settlement date, and any conditions (for example, finance or a building report).
Make sure you know when your deposit is due (usually when the agreement goes unconditional) and that you can pay it when required.
Your offer becomes a binding agreement as soon as it is accepted so it is important to make sure that it is right.
Make it conditional
Most first home buyers should make a conditional offer. This gives you time to confirm your finance, complete inspections, and cancel if something doesn’t add up.
Even if you have pre-approval, that is only an indication your bank is willing to lend to you. Your bank may still need to approve the specific property as security, so a finance condition is usually essential.
Ask us before you sign
Before you sign an offer, get in touch. We’ll make sure your conditions protect you, help you understand what you’re signing, and guide you through the next steps.
Buying your first home?
We love helping first home buyers take this big step with confidence. Book a free, no-obligation first home buyers call.
You may also like to read
This guide is general information only and is not legal advice. You should get advice on your own circumstances before making any property decisions.