Browse Forums Building A New House 1 Jul 25, 2020 10:52 am Hi, I am currently planning to buy a H&L package in Elara estate in Marsden Park NSW. The land is 252sqm and sale price is 385k. I am planning for 10% dep, and planning to go with CBA as suggested by MB. Have few queries 1. Have any of you recently had your land evaluated for loan as part of registration. Are the banks valuation equivalent to sale price. 2. Have anyone done with CBA specifically, please share your experience 3. Due to this covid, is LMI getting approved 4. Have yor builders open to give "Subject to Finance Clause" in the contract, any tips to negotiate to include the clause if they are not willing Re: Elara 252sqm Land valuation - Does CBA valuate equal to 2Jul 25, 2020 12:10 pm Just last Wednesday, we had our land valuation came 25K short than the contract sale price. This was with CBA, and we are buying in Melbourne’s West. Re: Elara 252sqm Land valuation - Does CBA valuate equal to 3Jul 25, 2020 6:43 pm Man these prices... We have just settled on Land in Middleton Grange, just of the M5 and M7. 401sqm for $490k! in 2011 we settled on 375sqm in middleton grange for $245,000! oh the price difference Re: Elara 252sqm Land valuation - Does CBA valuate equal to 4Jul 25, 2020 8:27 pm Bigteether Hi, I am currently planning to buy a H&L package in Elara estate in Marsden Park NSW. The land is 252sqm and sale price is 385k. I am planning for 10% dep, and planning to go with CBA as suggested by MB. Have few queries 1. Have any of you recently had your land evaluated for loan as part of registration. Are the banks valuation equivalent to sale price. 2. Have anyone done with CBA specifically, please share your experience 3. Due to this covid, is LMI getting approved 4. Have yor builders open to give "Subject to Finance Clause" in the contract, any tips to negotiate to include the clause if they are not willing Hey mate I would suggest going to 2 other banks. If the 3 of them come back $25k shirt then ask them for a price review...push them I know they have budged in the past. Re: Elara 252sqm Land valuation - Does CBA valuate equal to 5Aug 06, 2020 2:49 pm Thank you all for the comments, CBA is deliberately slow in process due to covid, so getting things delayed I've just built 3 stairs off a landing out the back and been told by the private certifier I need hand rails sorry tried to attach a pic but couldn't mine don't have sides… 5 5797 i had the my concreters concrete right up to the fence. I have pits all along my path, so the water tends to drain away from the house and into the pits. There's only one… 7 12911 Depends how much direct sun it gets. Is there any shading (eaves or trees)? If the sun hits a window directly it doesn't matter too much if it's double or single… 1 12754 |