emerthis
yoyohv
mj2016
[quote="yoyohv"]Hello! Hi did you manage signing the contract with a land that hasn't titled yet? The contract only gives you 45 days to provide evidence of finance (mortgage) and land ownership, both of these impossible to obtain without the land titled. I bought a land in Aurora Estate (Victoria) due to settle in November, and I am scheduled for contract signing with Boutique Homes next week.
We signed contracts a couple of weeks ago and land doesn't title until September. They just said they will ask for that info once the land titles. No issue at all
Good luck with it all
Thanks mj2016, I guess it is just standard practice then. I am just a bit worried signing a contract that states the opposite (that we should provide that evidence within 45 days).
I had the same concerns - they're pretty used to it. We signed PWC last September and our land was supposed to title in March. We signed HIA contract in December and our land (also in Aurora ) is now scheduled to title in August. We've only just submitted final finance application and the bank is valuing the new build now. Hopefully we'll get the title just before our 12-month price hold expires!
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Thank you very much!