Selling land as House and Land package

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Noah
Participant
@jmak35
Join Date: 2018
Post Count: 1
July 11, 2018 - 11:19 am
Hi all,
I’ve got a vacant hammerhead block I’d like to sell. Been reading around here that the best way to do this would be through a House and Land package. I’ve received some help and contacted a building company to do this for me. They have come back with an agency agreement form that will enable them to advertise my block with a floor plan that they will design. Costs involved are:
- Statutory searches (which I believe are only payable upon sale of the land):
- Statutory & Council Searches -> $350
- Form 1 Service preparation and certification -> $330
- Fixed Admin fee -> $275
- No advertisement costs
Just curious if there is anything I should look out for? And what you guys think about this approach of selling my land? Would love to hear your feedback. Much appreciated.
Thank you!
- This topic was modified 6 years, 4 months ago by Noah.
- This topic was modified 6 years, 4 months ago by Noah.
Ethan Timor
Participant
@ethantimor
Join Date: 2016
Post Count: 282
July 17, 2018 - 10:55 am
Hey mate,
Am certain there are a lot of things you should look out for 😉
It’s definitely one way to go about it.
A couple of queries come to mind:
1. What’s the benefit for you to sell H&L vs vacant? Higher price? More demand?
2. Did you seek legal advice?
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
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Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)