Browse Forums Buying Land 1 Aug 21, 2013 1:13 pm Just a quick tip: Never buy untitled land unless your willing to wait an indefinate amount of time. We signed for land in April 2012, were told it would be ready in September 2012. Its now August 2013, its still not titled and we're still waiting. Re: NEVER BUY UNTITLED LAND 2Aug 21, 2013 4:10 pm Oh no, that is a long wait... Can I ask you though, if there were roads, flattened land, etc. around the block you were intending to purchase? I'm waiting on land to title as well (signed contract in July, estimated date of October)... but the block and surroundings look pretty much ready to go, so I have my fingers crossed. When I was looking for a block, I refused to sign a contract where the land wasn't developed surrounding... I don't know where you are located, but I just feel as if it is impossible to buy a block located around Perth, WA that already has land titles Re: NEVER BUY UNTITLED LAND 4Aug 21, 2013 4:52 pm Yeah that is too long. What are they blaming the delay on? Is there not a sunset clause in your contract? http://camdenbuild.blogspot.com.au/ by invite only please pm me Re: NEVER BUY UNTITLED LAND 5Aug 21, 2013 4:56 pm We're buying in Melbourne. The demand for land isn't that high here. The road stopped right at our block, and the Release was just dirt, nothing else. But I didn't think to ask about the titles then, and when they said it would be ready in 4 monhts I believed them because I didn't know any better. I've learnt a lot since we signed and I'm just trying to spread the word so people know to ask questions before signing like we did and then being dissapointed time after time and having to put their life on hold..... waiting. Re: NEVER BUY UNTITLED LAND 7Aug 21, 2013 5:15 pm Where abouts in Melbourne? Build Permit-17/12/13 Earthworks-13/1/14 Slab-30/1/14 Frame-10/2/14 Lock Up-7/3/14 Fixing Stage Complete-20/3/14 New Home Presentation-6/5/14 Moved in 17/5/14! Blog: http://dandesbuild.blogspot.com.au Re: NEVER BUY UNTITLED LAND 8Aug 21, 2013 5:56 pm Feel sorry for you but good on you for sharing the advice. Although you may have to wait a bit longer are you still prepared to or does anyone know if signing a contract is just an option to buy that particular block that you may be able to sell on before completing the transaction? If so would this be of interest to you? PS I'm not making an offer, not interested in moving interstate but it may be of interest to another who is maybe not quite ready to build anyway and you could see if you find something titled so you can move forward. http://camdenbuild.blogspot.com.au/ by invite only please pm me Re: NEVER BUY UNTITLED LAND 9Aug 21, 2013 6:14 pm mjmelb There is a sunset clause.... 3 years. Who was your conveyancer? When I bought my land the conveyancer was very particular about protecting my interests on the sunset clause and ensuring the vendor makes reasonable efforts to complete. 3 years is a long time. Building McDonald Jones Bronte Manor One Contracts Signed Dec 12 DA Lodged Jan 13 DA Consent w/BAL40 Apr 13. S96 Consent w/BAL19 May 13. Slab Complete Jun 13. Frame Brick & Roof Complete Aug 13. Re: NEVER BUY UNTITLED LAND 10Aug 22, 2013 7:39 am We have had the same, sunset clause was 18 months, but we where able to get out of it all after 12. Indeed as menioned before your conveyancer should have at least mentioned this. Ours did but we thought it would not happen to us (yeah right). After we got our refund back we signed up for another block of land this time we included a sunset clause, 3 months. Let's hope it will all work this time. Did you request your conveyancer to get in contact with the developer to get an updated indication? Sometimes you get more done if your conveyancer does it for you. I suppose buying land when titles are not released has a big advantages, at least you can pick a block with the perfect orientation and size, it is just the question if it is all worth it. All the best and hopefully you will receive positive news shortly. Re: NEVER BUY UNTITLED LAND 13Aug 23, 2013 1:21 pm Sorry to hear of your long wait. I bought untitled land in 2004 and all went through on time (which was lucky) and we currently have a block that is due to title in April/May next year. It was supposed to be September 2013, then December 2013 and now April/May 2014. However we have just been sent a letter saying works are now approved and we are on target for April. We knew the risks and werent fussed. Happy to buy at that price, have our money making us interest in the bank rather than the other way round and have a bit of a wait (and time to save even more for the build). I guess it depends on perspective! For us, we dont care but I can imagine that if you are really just wanting to get going it'd be a real disappointment. As others have mentioned, it can be really hard to find titled blocks in some places, so it might not always be possible to avoid. I guess going in with a realistic mindset that nothing is set in stone with these things and that you will need a lot of flexibility! All the best and hope the title comes through for you soon Thread: viewtopic.php?f=31&t=66299 Slab: 16/6/14 Frame: 4/7/14 Roof: 22/7/14 Lock Up: 20/8/14 Fixing: 26/8/14 PCI: 9/10/14 Handover: 20/10/14 Re: NEVER BUY UNTITLED LAND 14Aug 26, 2013 8:48 am I guess the biggest issue is not the delay, but the lack of transparency from both the developer and sales company. If they were just honest about time frames I wouldn't be so fussed. Works finally started at the beginning of March, due to be completed by the end of August, however due to the 'weather', its been delayed further. They're saying mid September, however there has been barely any rain here and if they'd actually worked on the land from March, there wouldn't be an issue. I also only get an answer about timeframes when I follow them up, surely they should be giving all purchasers regular updates without having to follow them up. Re: NEVER BUY UNTITLED LAND 15Sep 18, 2013 11:23 pm Hi all, I am looking at tendering for a block of land in an area which is YET to be developed. But it says already DA approved. Does that mean it already has title to it? I am new to these and don't quite know all the technical terms. The estate agent says if weather is all good and nothing delays, the blocks of land should be ready in early 2014. the link is : http://www.realestate.com.au/property-r ... -200673851 I am wondering if there is anything I need to look out for and ask the agent before I put in a tender for a block. Because if I am successful in getting a block, then I would have to put my house on the market for sell to have enough to pay for the land and proceed with approaching the builders to get started. Would I likely to get in the same problem of waiting? if so, what are the probable causes for the delay for the land to get ready to be built on? Hoping to know if anything or what could have gone wrong delaying the land to be ready for me to do whatever i want. Thanks Re: NEVER BUY UNTITLED LAND 16Sep 19, 2013 5:13 am Good luck on the land. It just means that the planning is approved. However nothing has been done "physically" to the land yet. So that is "approved" for development but not started. This block is at the starting point. If you can wait, it's not bad. lovepub Hi all, I am looking at tendering for a block of land in an area which is YET to be developed. But it says already DA approved. Does that mean it already has title to it? I am new to these and don't quite know all the technical terms. The estate agent says if weather is all good and nothing delays, the blocks of land should be ready in early 2014. the link is : http://www.realestate.com.au/property-r ... -200673851 I am wondering if there is anything I need to look out for and ask the agent before I put in a tender for a block. Because if I am successful in getting a block, then I would have to put my house on the market for sell to have enough to pay for the land and proceed with approaching the builders to get started. Would I likely to get in the same problem of waiting? if so, what are the probable causes for the delay for the land to get ready to be built on? Hoping to know if anything or what could have gone wrong delaying the land to be ready for me to do whatever i want. Thanks Re: NEVER BUY UNTITLED LAND 17Sep 20, 2013 1:36 pm lovepub: If you really want the block of land...go for it. However, keep in mind, we were told in April 2012 that our block would title and settle September 2012...We're now in September 2013 and STILL waiting. Re: NEVER BUY UNTITLED LAND 18Sep 20, 2013 1:39 pm lovepub Hi all, I am looking at tendering for a block of land in an area which is YET to be developed. But it says already DA approved. Does that mean it already has title to it? I am new to these and don't quite know all the technical terms. The estate agent says if weather is all good and nothing delays, the blocks of land should be ready in early 2014. the link is : http://www.realestate.com.au/property-r ... -200673851 I am wondering if there is anything I need to look out for and ask the agent before I put in a tender for a block. Because if I am successful in getting a block, then I would have to put my house on the market for sell to have enough to pay for the land and proceed with approaching the builders to get started. Would I likely to get in the same problem of waiting? if so, what are the probable causes for the delay for the land to get ready to be built on? Hoping to know if anything or what could have gone wrong delaying the land to be ready for me to do whatever i want. Thanks Sorry, forgot to say, we think ours was delayed because they hadn't pre-sold enough blocks, but they never told us why. Then even once development had started, it was delayed in August because of the 'weather'. Any excuse.... Re: NEVER BUY UNTITLED LAND 19Sep 30, 2013 8:58 am lovepub Hi all, I am looking at tendering for a block of land in an area which is YET to be developed. But it says already DA approved. Does that mean it already has title to it? I am new to these and don't quite know all the technical terms. The estate agent says if weather is all good and nothing delays, the blocks of land should be ready in early 2014. the link is : http://www.realestate.com.au/property-r ... -200673851 I am wondering if there is anything I need to look out for and ask the agent before I put in a tender for a block. Because if I am successful in getting a block, then I would have to put my house on the market for sell to have enough to pay for the land and proceed with approaching the builders to get started. Would I likely to get in the same problem of waiting? if so, what are the probable causes for the delay for the land to get ready to be built on? Hoping to know if anything or what could have gone wrong delaying the land to be ready for me to do whatever i want. Thanks Hi lovepub, it looks like a great area where you're building just want to add, since the block you like is actually already amongst an established area, I can only assume based on personal opinion that these blocks will sell like hotcakes, and there shouldn't be any reason as to why titles are delayed. Or said another way, demand will not be a reason as to why a delay would occur - I can picture a lot of interest with these blocks. You see titles being delayed moreso in the newer developments, exactly what mjmelb mentions, if there hasn't been enough blocks sold in existing stages of the development, then perhaps they do delay the next release. Are you able to get more info from the agent to see how many people have placed a block on hold? They may inflate their response but try and gauge what they're saying and read between the lines. Like I said looks like a really good pocket of land that people would want to buy. --- Re: NEVER BUY UNTITLED LAND 20Sep 30, 2013 12:20 pm MyH1Login lovepub Hi all, I am looking at tendering for a block of land in an area which is YET to be developed. But it says already DA approved. Does that mean it already has title to it? I am new to these and don't quite know all the technical terms. Thanks Hi lovepub, it looks like a great area where you're building just want to add, since the block you like is actually already amongst an established area, I can only assume based on personal opinion that these blocks will sell like hotcakes, and there shouldn't be any reason as to why titles are delayed. Or said another way, demand will not be a reason as to why a delay would occur - I can picture a lot of interest with these blocks. You see titles being delayed moreso in the newer developments, exactly what mjmelb mentions, if there hasn't been enough blocks sold in existing stages of the development, then perhaps they do delay the next release. Are you able to get more info from the agent to see how many people have placed a block on hold? They may inflate their response but try and gauge what they're saying and read between the lines. Like I said looks like a really good pocket of land that people would want to buy. Yes, indeed these new blocks of land are gonna sell like hot cakes. You could probably and most definitely say that anyone from China or Asian countries will want a piece of this cake if they were to live in Brisbane. These Chinese investors got nothing but cash~~~ I probably wont be lucky to compete with these loaded foreign investors. (prob close to 100K below their offer), But you guys recon I should still give it a try and put in the best offer I could afford? or don't bother and embarrass myself? Yeah I don't know why I came to a forum. Place is full of wierdos/pedos thought internet may help but I suppose I'll try my luck with someone in person. Cheers. I tried… 0 6441 That sucks! Hope it all works out. Good to move away from steel anyway for all your reasons, but it's also thermally poor. 16 17858 Looking at some of the designs on websites, they are all selling very similar products. I get that you want something stylish. It's worth looking for search terms like SaveH2O… 2 7006 |