Deposit & Land Settlement Balance

[Jasera94]

Hi all,

We have a settlement of our land (construction) coming up shortly.

We need to know if our land payment will be the difference/balance of our 10% already paid?
Or would we need to fork out the land payment on top of the 10% already paid.

Any experience/comments...

[Beano]

https://www.nzherald.co.nz/business/...BYAA2Y2C6ZCYI/

Just a nosey question
When you put a deposit on an apartment and the deposit goes into a trust account does the IRD get their portion prior...

[propertyfinder]

Any suggestions on what I should do with my money?

[markstewie]

Hi all,

Looking for a legal opinion from someone in the know. The REAA 2008 says that deposits received by an agency can't be released for a period of "10 working days after the date on which he or she received it"

Here is the exact clause from the act:
...

[mortgage broker]

How do you use equity from your first house as a deposit on the next one.

...

[Invest]

If I were to rent out my house and move into a rental myself, would the bank require me to increase my deposit from 20% to 35%?

Thanks

[chotabeam]

Hello Experts,

Just bought a NEW owner occupied property (yet to settle). I have 20% of deposit with me but wondering to know what is best weather to put 20% deposit or 10% ? And use remaining 10% to buy another brand new house?

I can settle it by paying 10% deposit which...

[alaska]

Would like to know whether the amount of deposit offered in a house sale really matters and whether there are any implications with a low deposit? I guess the buyer wants to offer less and the vendor would like 5-10% - is there any normal amount, TIA.

[seith_1031]

Im needing inputs again please

basically we have been past a sunset clause of 31-1-18 and now we have cancelled our contract.

we have been advised by the solicitor that the vendors solicitor said part of the deposit was released to the agent as commission.

we confirmed...

[kekehuang]

Is it really possible to invest in properties without using any of my own money? I often heard people say "No Money Down Deals". Is it really possible? What are the ways to not have to put down my own money for deposit?

[mjbayly]

Hi all

New to the investment game, so please bear with me. And correct me if i'm wrong in the following, always looking to learn .

We're tossing up possibly having our property valued by a registered valuer as approved by ASB to identify whether the equity we've got...

[Kawipole]

Hi guys - been a bit of a lurker lately and time has come to ask my own questions.

Wife and I have increased equity in our property and would like to use it as an investment.

We've been looking for a financial investor but haven't got that far, however recently we've thought...

[Scave]

Approximately 2 months ago I entered into a contract with a turnkey bathroom company. I paid a 25% deposit with the intention to proceed as soon as the house was repiled. As a result of the house repiling, there are now some remedial structural works that need to take place. The remedial works will...

[keenbeen]

I am interested if anyone knows how I could make the banks happy buying a property below market value.

Most banks will only lend 20% of purchase price or market value without a low equity margin.

If I found a property that was selling say 20% below a registered valuation...

[paulmt]

We are in the process of selling our property and the purchaser is late in paying the balance of the deposit.

When we moved to NZ we were late in paying the deposit and were charged interest for the days we were late! At the time we tried to argue that late deposit was not late settlement,...