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House Hunting? Why Now Might Be Your Golden Opportunity
Curious about the real story behind reverse mortgages and wondering if now's actually a good time to buy property? We're pulling back the curtain on what's really happening in the market based on our recent networking events, seminars, and conversations with industry insiders.
Reverse mortgages often get a bad rap, but they're not universally good or bad – it's all about context. We share a heartwarming story about how parents used a reverse mortgage strategically to fund their daughter's necessary surgery, with a clear exit plan in place. This exemplifies the ideal use case: addressing an immediate need with a defined repayment strategy. The key takeaway? These financial tools can be valuable when used as a last resort, but borrowing in your early 60s without repaying until your 80s can create significant compound interest that limits your future options.
For prospective homebuyers, particularly first-timers, the current market presents a unique opportunity. With more sellers than buyers, properties are selling at fair prices without the fierce competition of recent years. Many sellers are motivated – relocating internationally or separating couples who need quick sales rather than maximum profit. Combined with stabilising interest rates and KiwiSaver funds available for many first-time buyers, conditions are surprisingly favourable. Nobody knows how long this window will remain open – six months, a year? – but right now, buyers have more negotiating power than they've had in quite some time.
Have questions about reverse mortgages or wondering if now's the right time for your property purchase? Reach out to us – we're here to help navigate these complex financial decisions. Subscribe to our YouTube channel and follow us on Instagram for more insider knowledge and timely market updates.
Send us a text
Support the show
Buy your first home in NZ Weekly Webinars
You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!
Join Here - https://bit.ly/4m9SL72
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By Zebunisso AlimovaCurious about the real story behind reverse mortgages and wondering if now's actually a good time to buy property? We're pulling back the curtain on what's really happening in the market based on our recent networking events, seminars, and conversations with industry insiders.
Reverse mortgages often get a bad rap, but they're not universally good or bad – it's all about context. We share a heartwarming story about how parents used a reverse mortgage strategically to fund their daughter's necessary surgery, with a clear exit plan in place. This exemplifies the ideal use case: addressing an immediate need with a defined repayment strategy. The key takeaway? These financial tools can be valuable when used as a last resort, but borrowing in your early 60s without repaying until your 80s can create significant compound interest that limits your future options.
For prospective homebuyers, particularly first-timers, the current market presents a unique opportunity. With more sellers than buyers, properties are selling at fair prices without the fierce competition of recent years. Many sellers are motivated – relocating internationally or separating couples who need quick sales rather than maximum profit. Combined with stabilising interest rates and KiwiSaver funds available for many first-time buyers, conditions are surprisingly favourable. Nobody knows how long this window will remain open – six months, a year? – but right now, buyers have more negotiating power than they've had in quite some time.
Have questions about reverse mortgages or wondering if now's the right time for your property purchase? Reach out to us – we're here to help navigate these complex financial decisions. Subscribe to our YouTube channel and follow us on Instagram for more insider knowledge and timely market updates.
Send us a text
Support the show
Buy your first home in NZ Weekly Webinars
You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!
Join Here - https://bit.ly/4m9SL72