Before making the final decision to buy, speak with a mortgage advisor to understand your options. There are many lenders available to guide you on your borrowing capacity, an estimate of mortgage repayments and the type of loan that best suits your individual needs.
To get started please contact us and we can advise you on a range of lenders that best suit your needs.
Although this process differs slightly depending on what you’re buying, generally you will be asked to sign a contract and provide a deposit when your finance is pre-approved. Before you sign, you should have a solicitor look over the contract.
Keep in mind that there are fees involved in buying a real estate, including government stamp duty, property searches, legal fees, mortgage insurance and loan application fees. You can get an indication of these fees from your mortgage advisor or financial institution.
At this stage you will need to decide on the most appropriate finance option for your purchase and make a formal application to a lender. Once finance is approved by the lender and the conditions of your contract are met, your contract becomes ‘unconditional’. This means you’re able to proceed with the contract. Your solicitor now needs to inform our solicitor of this on your behalf.
To maintain standards in The Avenue at Casey and to protect your investment, all homes must comply with our Design Guidelines. Spec homes and home and land packages can be pre-approved, but generally the builder will need to submit your plans to our Design Support Team for approval. This process is very straight forward and will usually take a couple of weeks to review.
The time between when you sign your contract and settlement can vary. We’ll send you regular project updates to let you know how things are progressing with your block. During this time, we’ll also inform you on updates about your new community and advise you of any events you may wish to attend. These are a great way to meet your new neighbours before you move in!
Things are really happening now! Make sure you put your settlement date in your diary.
On the settlement day, you need to pay the remaining balance of your purchase. To avoid any disappointing delays, speak to your mortgage advisor to make sure that funds are available from your financial institution before your settlement date. Once all the relevant mortgage documents are signed, the land title will be transferred into your name.
Now that your block of land is registered and your plans are approved by our Design Support Team, your builder will then submit the plans for building works and plumbing approval. Once approved, the builder can start construction.
Most builders require progress payments, usually at five stages: slab down, frame up, roof on, lock-up and practical completion. Your mortgage advisor can help to arrange these payments for you.
Safety is very important during the construction process. Your builder must comply with workplace health and safety regulations, and they’ll let you know when it is safe to go on-site. It’s important that you don’t take a sneak peak during construction without your builder present!
Your builder should keep in regular contact with you during the build, but you can always contact us if you have questions.
You’ve made it! Your home is now ready and it’s time to move in. At Brown Property Group we know that moving into your new home is exciting, and we want to make your welcome memorable.
We’ll provide you with a move in pack on arrival so you can make the most of your new home and community. You are also welcome to contact us or your builder directly if you have any queries… or just want a friendly chat!