Browse Forums Buying Land 1 Sep 12, 2023 8:56 pm We are exploring the possibility of buying land in a Northern suburb of Melbourne. There are listings of land on real estate websites but I'm wondering if it's better to use a buyer's agent that can sort through the many options and guide us appropriately, including all the necessary due diligence before signing contracts. Thanks. Re: Land buyer's agent Melbourne 2Sep 13, 2023 11:33 am teekay We are exploring the possibility of buying land in a Northern suburb of Melbourne. There are listings of land on real estate websites but I'm wondering if it's better to use a buyer's agent that can sort through the many options and guide us appropriately, including all the necessary due diligence before signing contracts. Thanks. a buyers agent for land? seems like a waste of money. If you think buying a piece of land is overwhelming enough to engage a buyers agent for, building is going to be a nightmare for you. Appreciate the contract due diligence aspect, for which id engage a lawyer instead if you're not up to it, but to wade through real-estate listings for land? No. My advice is if you're planning on building, you should get across all of the moving parts of this process. Its not something you want to be a passenger on. Thats how you get taken advantage of. Re: Land buyer's agent Melbourne 3Sep 13, 2023 6:10 pm ponzutwo teekay We are exploring the possibility of buying land in a Northern suburb of Melbourne. There are listings of land on real estate websites but I'm wondering if it's better to use a buyer's agent that can sort through the many options and guide us appropriately, including all the necessary due diligence before signing contracts. Thanks. a buyers agent for land? seems like a waste of money. If you think buying a piece of land is overwhelming enough to engage a buyers agent for, building is going to be a nightmare for you. Appreciate the contract due diligence aspect, for which id engage a lawyer instead if you're not up to it, but to wade through real-estate listings for land? No. My advice is if you're planning on building, you should get across all of the moving parts of this process. Its not something you want to be a passenger on. Thats how you get taken advantage of. Thanks for the reply. Will definitely engage a lawyer for the contract due diligence part. I only mentioned a buyer's agent because we live a couple of hours away from our area of interest. How would you advice to go through the land buying process? Thanks. Re: Land buyer's agent Melbourne 4Sep 14, 2023 9:19 am teekay Thanks for the reply. Will definitely engage a lawyer for the contract due diligence part. I only mentioned a buyer's agent because we live a couple of hours away from our area of interest. How would you advice to go through the land buying process? Thanks. You wouldn’t buy a car based on what someone tells you. You would go look at it, drive it, get a feel for it. A block of land really shouldn’t be any different. A few hours away is nothing. If you’re going to be living there, you really should get a feel for the space. What are the roads like, what are the connections like, is the general demographic something you’re ok with, what are the local amenities like? All of this being described to you by someone is never going to translate to how you see it yourself. When I bought my last block, I had two equally sized options about 1km apart. Both facing the same direction. Both no easements. One was closer to the shops. At face value the one closer to the shops was “better”. Going there identified for me that the one closer to the shops had a huge mound of dirt across the road and a slight slope upwards on the other side of the road meaning my view out the front of the house would have been terrible. There was also a light pole right in front of the house. The other block had a slope down towards the water across the road and an amazing view of the grasslands (will be houses eventually) and no light pole in front of the house. It also had two street trees on the nature strip instead of one. It also had houses built either side of it already and I got to meet my neighbors beforehand. Things I would have never had known unless going there. If I were you, id plot out a daytrip to look at all the land you are interested in. Make a weekend of it if you must. If its too far away from home, maybe stay the night somewhere. Just don’t buy blind. Worst idea I can imagine. Re: Land buyer's agent Melbourne 5Sep 14, 2023 3:26 pm ponzutwo teekay Thanks for the reply. Will definitely engage a lawyer for the contract due diligence part. I only mentioned a buyer's agent because we live a couple of hours away from our area of interest. How would you advice to go through the land buying process? Thanks. You wouldn’t buy a car based on what someone tells you. You would go look at it, drive it, get a feel for it. A block of land really shouldn’t be any different. A few hours away is nothing. If you’re going to be living there, you really should get a feel for the space. What are the roads like, what are the connections like, is the general demographic something you’re ok with, what are the local amenities like? All of this being described to you by someone is never going to translate to how you see it yourself. When I bought my last block, I had two equally sized options about 1km apart. Both facing the same direction. Both no easements. One was closer to the shops. At face value the one closer to the shops was “better”. Going there identified for me that the one closer to the shops had a huge mound of dirt across the road and a slight slope upwards on the other side of the road meaning my view out the front of the house would have been terrible. There was also a light pole right in front of the house. The other block had a slope down towards the water across the road and an amazing view of the grasslands (will be houses eventually) and no light pole in front of the house. It also had two street trees on the nature strip instead of one. It also had houses built either side of it already and I got to meet my neighbors beforehand. Things I would have never had known unless going there. If I were you, id plot out a daytrip to look at all the land you are interested in. Make a weekend of it if you must. If its too far away from home, maybe stay the night somewhere. Just don’t buy blind. Worst idea I can imagine. Thank you very much for that. In terms of shortlisting possible options, I'm assuming websites like domain.com.au would be ok? Contact the real estate agents and go and have a look, exploring many options. Then review contract with a lawyer before signing. Would that be about right? Re: Land buyer's agent Melbourne 7Jan 02, 2024 6:54 pm ponzutwo teekay We are exploring the possibility of buying land in a Northern suburb of Melbourne. There are listings of land on real estate websites but I'm wondering if it's better to use a buyer's agent that can sort through the many options and guide us appropriately, including all the necessary due diligence before signing contracts. Thanks. a buyers agent for land? seems like a waste of money. If you think buying a piece of land is overwhelming enough to engage a buyers agent for, building is going to be a nightmare for you. Appreciate the contract due diligence aspect, for which id engage a lawyer instead if you're not up to it, but to wade through real-estate listings for land? No. My advice is if you're planning on building, you should get across all of the moving parts of this process. Its not something you want to be a passenger on. Thats how you get taken advantage of. Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself with that as its the design responce you need to satisfy in terms of what you intend to build. Other then that there isn't much more to know apart from government fees, ensure you have a convensor and education yourself on construction provisional sum contingencies as to avoid them Hi All, We have recently purchased a sloping block (3.5m fall building envelope, 6m overall). Just wondering if you know of any good builders that you would recommend for… 0 2578 I do enjoy the drama:-D In his latest two videos he has started bringing security guards to site, I am waiting for the punch on to begin lol 6 46194 It's all about wireless, self install now. The cost/benefit of wired setups for the house are no longer what they used to be. Lots of wireless options. Eufy, Arlo and… 2 10046 |