If a buy a land and then choose a builder what kind of conveyancing is involved ? Do i have to pay separately once for land , once for the buiding documents and also once for the mortgage or does all usually come in a a package ?
Hi Soum,
If you are buying the land separately you enter into a sale contract and settle on the land first. Later, when you find a builder, you enter into a contract with your chosen builder.
If on the other hand you a buying a house and land package you could well sign the ‘lot’ on the one occasion. Nonetheless, depending on the contract, it is likely you may still settle on the land first anyway.
Derek
[email protected]
0409 882 958
Property investment advice and researched property in quality locations available.Builders also require a series of drawdown payments. These vary in value and frequency but would be spelt out in your contract.
Derek
[email protected]
0409 882 958
Property investment advice and researched property in quality locations available.
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