Browse Forums Buying Land Re: Oak Tree Estate, North Kellyville 17Aug 29, 2014 2:28 pm trooper79 1. There is no cooling off period (they explicitly ask you to waive it) 2. According to David, the developer will not accept a "subject to purchaser's finance" clause. . Hi trooper79, good info from the contract. I've yet to receive mine (David says next week hopefully). With regards to those two points, when I bought my PPOR last year, the market was red hot (and still is today) and so many vendors did not want to take risks with the cooling off period clause, and explicitly removed it from the contracts. Rationale is that if you don't buy with that clause, then someone else will... It's a vendor's market, or at least that's what the majority believes. Similar thing with the 'subject to finance' clause. I believe it's not as common to see that clause in NSW contracts especially in a hot vendor's market. But from experience it's a lot more commonplace in Queensland. It's additional risk for the vendor. From what it seems Oak Tree Estate is selling well especially the R2 part of the estate. Personally the community title area seems nice, but hopefully there won't be ridiculous by-laws such as not allowing hanging of laundry outside, pets etc etc? I've also called Council regarding E4 zoning and community titles. Apparently community title lots on E4 adjacent to R2 can adopt the same setbacks as the adjoining R2 zone. I couldn't find reference to this in the latest version of the North Kellyville DCP, I could only find 'narrower blocks with reduced setbacks' but no definition of the 'reduced setbacks'. However in an earlier version there is reference to the E4 adoption of adjoining controls. Re: Oak Tree Estate, North Kellyville 18Aug 29, 2014 10:37 pm Hello All, Great to see so many keen people discussing Oak Tree Estate. I am David Glasheen the agent marketing the estate along with Ian Handley. Whilst we appreciate feedback and open discussion some of the posts to date are inaccurate and I will do my best to answer some of those now. Summary: Blue Horizon Estate Stage 1 Developer - Kavshan Pty Ltd Stage 2 Developer - Fifen Pty Ltd Stage 3 Developer - Cleia Comito Stage 4 Developer - Fifen Pty Ltd Proposed Stage 5 - Kavshan Pty Ltd Agent: Travleah Pty Ltd t/as Handley Partners Property - Ian Handley & David Glasheen Contract Sunset Clause 30th November 2014 Summary: Oak Tree Estate Stage 1, 2, Part 4, 5, 6, Part CT - Ynox Pty Limited (Same Director/address as Fifen Pty Ltd) Stage 3, Four blocks to be released Part CT - Cavasign Pty Ltd Agent: Searchfield Properties - Ian Handley & David Glasheen The Vendor is clearly stated on the Land Reservation Form and on the front page of the Contract. Thorough searches will reveal that the developer/s have purchased and settled on a number of properties in North Kellyville with the balance under options or exchanged awaiting settlement. This is a common practice, further searches would reveal that the developers have placed caveats if they have an interest in the property. I stand by any comments made by me where I have referred your questions back to your Solicitor or Conveyancer, this is a prudent step to safeguard purchasers and they are best placed to explain the Contract and any perceived pitfalls. As previously stated Ian & I are also the agents for Blue Horizon Estate (10,12,14,14a, 16 Stringer Road) with the exception of part of Stage 1, 16 Stringer Road, (marketed by Clarendon Homes as House & Land Packages). I don't see the relevance of the electrical easement in this post, purchasers in this estate are aware of the easement on 16-18 Stringer Road. All of the contracts issued have a sunset clause none of these refer to 3, 4, or 5 years time. Cooling off period: Our land reservation process is very straight forward. $1000 reserves a block, you than have up to 14 days (we need to have any request for amendments in the first 7 days) from the date your Solicitor/Conveyancer receives the Contract. Change your mind for any reason and your money is refunded within 14 days. Effectively you have 14+ days to make up your mind and Exchange. This process is made very clear when reserving a block along with our 10% deposit or deposit bond requirement. We are always very careful to inform prospective purchasers that they should not reserve a block and lock in a building contract immediately. Hopefully those of you that recall me saying so will add your comments to this thread. It remains important to compare apples with apples, we are currently selling land off the plan. Making a comparison to home builders selling House & Land Packages who have lodged/obtained a DA to develop smaller blocks etc is not reasonable. Trooper79: I note that you have since reserved a second block at Oak Tree Estate. For those of you that have questions or concerns about the estate I am available 9am-9pm 7 days a week on 0423747915 Alternatively we would be pleased to make a time to see you at the site office. Best regards David Glasheen Searchfield Properties 0423747915 Regards David Glasheen M: 0423747915 Re: Oak Tree Estate, North Kellyville 19Aug 30, 2014 7:59 pm Yjs,
To your question about trees. I simply drove down to the lot, hopped out of the car, walked over the land and checked out the rockiness of the soil and counted the number of trees. some trees are tagged with a colour Fluro strip and a small metal plate engraved with a number. other trees do not have these markers. For lots in numbers 11 and 11A Barry rd, there are still people living there, so I don't go on their land. I stand on number 13 Barry road and take photos. It's not just the number of trees, but the size of the trees. It takes longer to chip a 100 year old tree than it does to chip a 30 year old tree. Time is money, hence more expense for bigger trees. In normal contexts, real estate agents are keen to walk you over the land or through the house because that action entitles them to a commission if there is a sale. I have not seen the agents at oak tree bother to walk anyone over their lot. Maybe it works differently if they are exclusive agents. [edit: added photos] Re: Oak Tree Estate, North Kellyville 20Aug 30, 2014 8:14 pm Yjs,
In relation to the by-laws on the community title blocks, there are many ridiculous provisions. You can't hang your laundry outside on your balcony etc. If you have a cat, it must have a collar with a bell (pets make enough noise without a bell - and most pets are microchipped these days). There are soooooo many more restrictions in there. Having read through the various by-laws in the contract, I decided that if I go through with this, then at our first community meeting I'll propose that we get rid of half the by-laws. Actually, the laws of the nation are enough, so it would be better to scrap all the by-laws. Nobody benefits from unnecessary restrictions. The more these community title lots mirror Torrens title lots, the better our resale values will be and the more freedom we will have from nit-pickers. I don't want to be in a situation where in the future I'm trying to rent or sell my property and the inane restrictions cause someone to hesitate and me to lose out financially. For anyone else on community title, how do you feel about restrictions? [edit: realised it might be good to scrap all the by-laws] Petercurtis You able to contact the certifier and get a copy of your structural plans, if they are not in your contract. If your home was approved via CDC then they… 1 20185 3 22655 |