House and land package central coast6/7/2023 Is stamp duty payable on house and land packages? Find out more about the key differences here.ģ. ![]() Unlike a house and land package where the home is yet to be built, a turnkey home is completely move-in ready. What is a turnkey house and land package?Ī turnkey home is ready to live in. You can tailor the design to fit with your lifestyle and all the necessary regulatory requirements.Ģ. House land packages are custom designed and fitted – for the block. House and land is bundled into one package with two separate contracts: your home design and build, and the land itself. If you’re wondering what to know when buying a house and land package, our team would be happy to answer all of your questions. Once you have settled on your land and your plans and tender are approved, our home builders can get started on building your new family home! If your land is registered, you will have 35 days from unconditional exchange or from the date specified in the contract of sale. If your land is unregistered, AVID Property Group will register it with the Land Registry Services after which you’ll have 21 days to settle on your block. Your legal advisor will help you during the settlement process. When we’ve finalised everything on our end and you’re happy with the plans, the builder will submit them for approval with the relevant regulatory authorities. These are the personal touches that transition a house into a home. Once you discover your favourite home design, create the home of your dreams and select your colours, fixtures, finishes, appliances and fittings. This is paid in two instalments (5% on exchange of contracts and 5% on settlement).Ĥ. Upon exchange, the contract will be secured with a 10% holding deposit. Wherever you are, you can sign your contract from any device with internet access. When you are ready to sign, they will forward the email with the signing link – no special programs necessary. Once you’ve paid your deposit, your contract will be issued to your solicitor or conveyancer. This payment takes the block of land off the market and provides you with 14 days to exchange contracts. Your $1000 holding deposit is fully refundable, and is paid initially to secure your block of land. ![]() Pay your holding deposit & exchange of contracts Just make an appointment and start bringing your new home design to life.ģ. Our sales team will go the extra mile to assist you as you select a block of land from our display homes, with detailed home pricing. To find your new home, it’s always a good idea to set boundaries on where you’d like to live, and draw up a list of requirements to help you weigh up options to suit your budget and lifestyle. When you know your finances are ready to go, you can act quickly to secure your land for sale near Newcastle, where you’ll build your dream home. Your lender or broker can help you do this, as well as helping you set realistic expectations on price. Confirm your finances and legal representativeīefore you start looking at display homes near Newcastle, you’ll need to get pre-approval on your loan. ![]() Land yourself in your dream home in 8 stress free steps.ġ. How to go about buying land and building a house
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