I am in process of buying new subdivided land in Cambelltown council, SA. RE agent has advised that plans has been approved by council but titles will be release in 2-3 months.
I have two questions:
Can there be any problem in buying land without title from private subdivision. Will bank be ok with that and what if titles are not passed?
I want to make use of SA government's first home owner and construction grant.
Will I be able to sign contract with builder without title and claim grant?
I am first home buyer so don't know much about concept of title etc. Will be checking with bank and builders as well. But an honest expert advise here will be of great help.