AVJennings - VIC - The Buying Townhomes Process

Follow our easy step by step guide to buying townhomes with AVJennings.

STEP 1: Choosing your townhome.
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 designs. Single or double garage, private courtyard or large backyard. Recreational facilities, low-maintenance garden or courtyard, a backyard, views or parkland. Close to transport, parks, schools, work, relatives, shops
Hint:	Talk finance up front. Find out what you can afford and stick with it.

STEP 2: Financing.
Its time to talk to your lending institution about finance so you are ready when you decide on your dream home. Find out how your Stamp Duty can be included in your loan. Ask too about the First Home Owner's Grant. If you are eligible, this joint initiative by the Federal and State Governments may provide you with 21,000 to help offset the costs of buying a home. Conditions do apply and you can check these at: http://www.sro.vic.gov.au/sro/SROWebSite.nsf/rebates_fhog.htm
Hint:	To estimate your Stamp Duty, visit the website above

STEP 3: The deposit
To secure the allotment of your choice a $2,000 initial deposit is required. You will also be required to sign a contract of sale at this time. The contract includes the conditions of sale and a section 32 Vendors statement – a document designed to disclose any information relating to the allotment such as rates and taxes. At this time you should appoint a solicitor or conveyancer and provide AVJennings with their details. The solicitor/conveyancer will liaise with AVJennings and arrange the transfer of property ownership and all necessary information required by your lending institution.
Hint:	Once you have exchanged contracts, there is no going back. So ask lots of questions and be very sure.

STEP 4: Balance payment

The balance of your 10% deposit is due within 14 days of contract signing

STEP 5: After the exchange
Excitement is building. AVJennings will write and advise you of the progress of the home. Nearer to completion, a Customer Service Officer will call to arrange an inspection of the home prior to settlement. Remember, due to work safety regulations, access to the home is restricted and can only occur when accompanied by an AVJennings representative.
Hint:	At least 5 days before you move in, advise gas, electricity, telephone services and council (Bin Provisions) of your occupancy date.

STEP 6: Settlement
When building is completed and the plan of the subdivision is registered and approved by the Land Titles Office, its time to settle. The balance of payment is due on settlement, either 30 days from date of sale or 14 days from issue of certificate of occupancy, whichever is the later. Your solicitor/conveyancer will contact your lender to confirm settlement details and arrange transfer of funds. The customer service officer will call and arrange a time for you to meet with an AVJennings representative to welcome you to your new home.
Hint:	Call the removalist, chill the champagne.

STEP 7: Home
Welcome to your new home. An AVJennings representative will provide you with your Handover Kit. The Handover Kit contains important information about your new home in addition to remote devices (when applicable), window and door keys, letterbox keys, warranties and manuals. Congratulations!
Hint:	Put out the welcome mat – welcome to your neighbourhood.