Common Questions Wellington Home Buyers Ask
We’ve helped hundreds of Wellington buyers find their homes — and these are the questions we’re asked most often. If you’re buying, these quick, practical answers will help you move confidently and avoid the usual traps.
How much deposit do I need to buy a house in Wellington? Most Wellington buyers need around 20% of the purchase price, though some first home buyers qualify for 10% or even 5% with certain lenders or Kāinga Ora schemes.
What’s a building report, and do I really need one? Yes. It helps you understand the property’s condition before you commit. Wellington’s hilly sites and weather mean even small leaks or drainage issues can add up later.
What’s a LIM report, and why does it matter? A Land Information Memorandum (LIM) shows everything the council knows about the property — consents, drainage, zoning, flood or slip risk. It’s a must-read before you go unconditional.
How do I know if a property is priced fairly? Compare recent local sales and look at similar homes nearby. We can show you what’s normal for the area so you don’t overpay or underbid.
What’s the difference between a tender, auction, and deadline sale? Tenders and deadlines both involve submitting written offers by a set date, while auctions are live. Tenders are common in Wellington — they attract serious buyers and create competition.
Can I buy before selling my current home? Yes, but it depends on your finances and risk comfort. Some buyers arrange bridging finance; others sell first. We can connect you with brokers who specialise in Wellington’s timing gaps.
How long does settlement usually take? Most settlements in Wellington are 4–6 weeks after the offer is accepted, but this can be negotiated. Your lawyer will manage the timeline once contracts are signed.
What are common issues to look for in Wellington homes? Look for signs of leaks, damp, insulation gaps, or unconsented work. Age, slope, and weather exposure all matter here — it’s not about perfection, it’s about awareness.
How do I make my offer stand out in a competitive market? Be pre-approved, flexible on settlement, and ready to act. A clean offer (few conditions) often wins — even if it’s not the highest price.
What happens once my offer is accepted? You’ll work through your conditions (finance, LIM, builder’s report), confirm with your lawyer, and pay the deposit. We’ll guide you through each step until settlement day.
What’s the difference between conditional and unconditional offers? Conditional means your offer depends on things like finance or builder reports. Unconditional means you’re committing regardless — so only go unconditional when you’re 100% ready.
Should I use a buyer’s agent in Wellington? It’s rare — most buyers work directly with listing agents. But if you’re new to the area or time-poor, a buyer’s agent can handle research and negotiations for you.
Do I need a lawyer when buying a house? Yes. Your lawyer reviews the title, contract, and LIM, and protects you legally. Never sign a sale and purchase agreement without one reviewing it first.
