How to purchase land
Confirm your budget & lender
Discuss with a broker or lender about getting a pre-approved loan. This gives you an idea of what options are available, and the confidence to purchase your ideal block.
Choose your block
With your home loan pre-approved, you can now start the exciting part of your journey… selecting your block and home style. Have a chat to the sales team and your builder about choosing a block that will suit you, your budget, lifestyle and your preferred house design.
Secure your land
Contracts prepared and signed
Our sales team will prepare a full Contract of Sale and will send a copy electronically to you and your Solicitor. Once reviewed, your Solicitor will ask for you to sign and return to AVID.
Contact your conveyancer/ solicitor and paying the deposit
Your conveyancer/solicitor will then discuss with you the time-frames and conditions of your Contract of Sale, including:
• Finance
This means it’s now all yours, and the building of your new home can begin! 1 2 3 4 5 6
Once you’ve decided on a block, simply provide your sales consultant with a copy of your loan preapproval letter, along with your initial deposit to reserve your land while your paperwork is prepared for signing. You’ll also need to engage a conveyancer or solicitor to guide you through all the legal details and processes of buying your land and receiving title of ownership.
• Payment of the balance of deposit
• Settlement timeframe
• Any other conditions of the contracting
Settlement and starting construction Settlement usually occurs either 14 days from finance approval or 14 days from notification of registration whichever is later. Your conveyancer/solicitor will be able to confirm exact dates and help manage this process. At settlement, you pay the remainder of the purchase price and in exchange, receive the title to your block.
Congratulations!