Using Kiwisaver For A Purchase

Using your Kiwisaver for a home purchase can feel tricky, but with a little planning, it’s totally manageable! Withdrawals take 10–15 working days and need to be paid to a Stakeholder (the vendor’s lawyer), not directly to a real estate agent. Making sure your agreement is set up correctly from the start can help the process go smoothly and avoid any hiccups.

Deposit to paid the real estate agent vs deposit for bank

Glass coin jar

These deposits can be two very different things!  We often see this causing confusion for our first home buyers and explain below: Deposit for the real estate agent In most circumstances, an agreement for sale and purchase will require that a purchaser pay 10% of the agreed purchase price once all conditions have been satisfied.    […]