Buying house and land packages with AVJennings.

Buying the Home

Choosing a House & Land Package means that while the price has been determined for a particular home on a particular block, you still have some flexibility in the home design which may or may not affect the package price.

STEP 1> Choosing your home design

Choose from the wide range of exciting house designs now available by many builders that suit your lifestyle and budget. This is your opportunity to make changes and upgrades that are most important to you and make it your unique home. It is also the time to review the inclusions your package contains for example - driveways. fencing. and landscaping.

Hint: Discuss finance up front. Find out what you can afford. what is included and stick with it.

Buying the Land
Follow our easy step by step guide to buying land with AVennings.

STEP 1> Choosing your land

Your Sales Consultant will help you decide on the best location and size to suit the home you want to build and your budget.

• Aspect, big garden potential or low maintenance area

• Close to transport, parks, schools, work, relatives, beach, shops

• Choose your own

Hint: Discuss finance up front. Find out what you can afford and stick with it

STEP 2> The deposit

A $1000 deposit is required to take the block of land off the market. Next, you'll need to provide details to the sales consultant to allow AVJennings to prepare the Contract of Sale. You then pay the balance of deposit (up to 10% of 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 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 lot will be 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, or a soil test, you will need to ensure these conditions are met within the stated timeframe. If you require an extension time, ask your Solicitor/Conveyancer to make a formal request to AVJennings Solicitor. Once unconditional, you will pay the balance deposit and usually settle within 14 days (if buying a registered lot, or wait until the land is registered (for off the plan purchases) to settle. If registration is a little way off this is a great time to finalise your home design so you are ready to start building as soon as the land is completed.

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> Settlement

When the proposed survey plan is registered and approved by the Land Titles Office, you will receive a notice from AVJennings' Solicitor advising the land is ready for you to settle. Settlement usually occurs 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.

STEP 8> Building

You are required to submit your building plans to AVJennings for approval prior to submission to Council. We have Design Guidelines in place to ensure your new dream home is in keeping with the general theme of the neighbourhood to create an aesthetically pleasing environment for everyone.

Hint: Welcome to your new neighbourhood.