AVJennings - QLD - The Buying New Homes & Townhomes Process

Follow our easy step-by-step guide to buying a new home with AVJennings.

STEP 1: Choosing your home.
Your Sales Consultant will help you decide on the best location, size, style and design to suit your dreams – and budget. Large or small, 2, 3 or 4 bedrooms with a study Single or double storey, single or double garage Sunny backyard, big garden potential or low-maintenance area Close to transport, parks, schools, work, relatives, beach, shops
Hint:	Discuss finance up front. Find out what you can afford and stick with it.

STEP 2: The deposit.
A $1,000 deposit is required to take the property off the market. Next, you'll need to provide your details to the sales consultant to allow AVJennings to prepare the Contract of Sale. You then pay the balance of the deposit (up to 10% of total purchase price including GST) on finance approval, which is generally within 21 days of the contract date.
Hint:	If you need legal representation contact the Qld Law Society for a list of local solicitors who can assist.

STEP 3: Conveyancing.
One of the first things to do is appoint a Solicitor or Conveyancing agent and advise your Sales Consultant. The Solicitor / Conveyancer will liaise with AVJennings’ Solicitor and arrange the transfer of property ownership and all necessary information required by your lending institution
Hint:	Ask your legal representation to provide a conveyancing quote and what that includes.

STEP 4: Arranging Finance.
It's time to talk to your lending institution about money. Find out how your Transfer Duty can be included in your loan. Ask too about the First Home Owner's Grant (and any other government incentives available at the time of purchase). If you are eligible, this joint initiative by the Federal and Qld Governments will provide you with a non-means tested gift towards the property purchase. Conditions do apply and you can check these at www.osr.qld.gov.au
Hint:	To estimate your Stamp Duty, visit the website above. First home buyers are exempt from Stamp Duty on property purchase, subject to property value.

STEP 5: The contract.
Make an appointment with your Solicitor / Conveyancer to discuss the Contract. Take into account that it may take up to 3-5 working days for your Solicitor / Conveyancer to review the Contract. Your Solicitor / Conveyancer will explain the Contract to you. Within 14 days of the Contract being issued, the Contract must be signed by you and returned to the sales person. If not returned within this time, your deposit may be refunded and the lot sold to another buyer.
Hint:	Once you have signed the contract you have a 5 day cooling off period. Now it’s time to get formal finance approval within 21 days of the contract date. Ensure the name or entity you have used on the Contract is the same name/entity that will be used for the finance application.

STEP 6: Unconditional
If your contract is subject to conditions such as finance, you will need to ensure these conditions are met within the stated timeframe. If you require an extension of time, ask your Solicitor / Conveyancer to make a formal request to AVJennings’ Solicitor. Once the contract is unconditional, you will pay the balance deposit and usually settle within 14 days (if buying a completed homes), or wait until the property is registered (for off the plan purchases) to settle. If registration is a little way off this is a great time to finalise your relocation arrangements, or for investors, commence arrangements for the management of your investment propeorty.
Hint:	AVJennings understand that sometimes delays occur in obtaining finance approval. If you need an extension please let your sales person know so they can offer assistance.

STEP 7: Pre-settlement inspections.
Excitement is building. Once your sale is unconditional, AVJennings’ Customer Service Officer will invite you to attend a pre-settlement inspection of the property. The purpose of this inspection is to give you an opportunity to inspect the near completed property before you settle. The inspection allows you to identify and discuss any items of concern in relation to the finish of the unit, so that agreed items can be rectified prior to settlement. Remember, due to work safety regulations, access to your home can only occur when accompanied by an AVJennings representative.
Hint:	At least 5 days before you move in, advise gas, electricity, telephone services and home contents insurance company of your occupancy date.

STEP 8: Settlement.
When the property is completed and the proposed survey plan is registered and approved by the Land Titles Office, you will receive a notice from AVJennings’ Solicitor advising the property is ready for you to settle. Settlement is usually 14days from notification of registration, or 14 days from finance approval. Your Solicitor / Conveyancer will contact your lender to confirm settlement details and arrange transfer of funds.
Hint:	Chill the champagne, it’s time to celebrate.

STEP 9: Home.
AVJennings Customer Service Officer will arrange a follow-up inspection around the scheduled settlement time in order for you to inspect the property. Once settlement has occurred, you will be given the keys to your new property.
Hint:	Put out the welcome mat - welcome to your new neighbourhood.

STEP 10: After Sales Support
Relax knowing that AVJennings after sales support extends well beyond the statutory 6.5 year warranty. Materials and inclusions are not just chosen to look great, but be durable and stand the test of time. If you have any concerns, simply advise the Customer Service Officer and we’ll arrange our Maintenance Supervisor to inspect and resolve the matter at the end of the complimentary 6month maintenance period. Of course, if the matter is urgent we will endeavour to rectify it immediately.
Hint:	You will receive a new home compendium at the handover of your property. This includes information including instruction manuals and warranties for your new home. This can be a handy source of information should you have any concerns now or in the future.