No deposit house sale, with 5 years to settle
I am selling my house . its a 4 bedroom , 2 bathroom home in woolston . Its on trademe as listing number 1499031099.
10 steam wharf lane .
So here the deal I am thinking of.
The house has a registered valuation of $420k and a purchaser could make an offer of that value of $420k and settle the sale in 5 years.
I would want the prospective owner to sign a lease for that 5 years . Then after the five 5 years they need to get themselves a mortgage (say with kiwi saver deposit?) and settle up for the house .
There would be some other conditions as well. But the important understanding is this is not a rent to own scheme. You are not paying extra rent to build up a deposit , but you will be paying a premium rent.
You dont need a deposit in this deal. You will need to come up with the 420k in 5 years or something else acceptable to me at that time.
I expect the deal would best suit young people just starting out who need a house now but wont have a deposit (but should have one in say 5 years )
The purchaser gets to lock the price in now , and pay that price in 5 years.
The house is going up at 3.5% a year and will be worth in the order of $500K in 5 years , but the price will be $420k.
The canny will have already realised that they could buy and sell the house and make $80K
get in touch if you want more details. At his time I have not worrked all this thru and would be ahppy to talk about the idea with any interested party.
cheers
les
les.colins@xtra.co.nz
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
-
10.1% Yes! New Year, New Me
-
19.5% Yes - but I rarely stick to them
-
70.5% Nah - not for me
The Summer Kiwi Quiz is back by popular demand
Grab a copy of your local Stuff newspaper between 1 Jan - 28 Jan and participate in the Summer Kiwi Quiz! Test your knowledge, answer the daily New Zealand based questions, and find out how well you know our beautiful country!
Each correct answer will get you one entry into the draw to WIN 1 of 5 Ooni Karu 2 Portable Pizza Oven bundles, valued at $1024! Each bundle includes: an Ooni Karu 2 Multi-Fuel Portable Pizza Oven, Ooni Karu 2 Carry Cover, Ooni 12" Perforated Peel, Ooni Digital Infrared Thermometer and an Ooni Cookbook: Cooking with Ooni. The more answers you enter correctly, the higher your chance of winning. For more information and to submit your answers, click here
The Team at Stuff
Loading…
