Browse Forums Building A New House Re: Coral Homes Noosa 23 - Ormeau Ridge 33Jul 03, 2017 8:15 am Caydenn Some more progress today, went in and saw Coral to get the money discrepancy resolved and to get some final things confirmed and upgraded. I'm a big advocate of credit where credit is due, and I need to say that our sales consultant has been really good throughout our process so far today. When we explained the money issue and how we got about showing that there was an error she was happy to either get head office to correct it or she will personally be taking the amount out of her PERSONAL commission in order to get us the price we were told.. Changed a few small things like converting the electrical water heating to gas instead of electricity to save some costs on electrical bills. We also got our sold board on our land!!! Like ⋅ Add a comment ⋅ Pin to Ideaboard ⋅ How exciting! Congrats guys - seems like you have a better sales consultant than us Re: Coral Homes Noosa 23 - Ormeau Ridge 34Jul 03, 2017 9:18 am That is great news!! Loving the sold sign! Funny the things we get excited about but they mean we are one step closer I damn near peed myself when the coral sign went up on our block lol. Re: Coral Homes Noosa 23 - Ormeau Ridge 35Jul 03, 2017 4:58 pm Tamara1975 That is great news!! Loving the sold sign! Funny the things we get excited about but they mean we are one step closer I damn near peed myself when the coral sign went up on our block lol. Hahaha, at the moment any progress is exciting... Really just want our land to register so this loan can go unconditional and we can start all the fun stuff Re: Coral Homes Noosa 23 - Ormeau Ridge 36Jul 05, 2017 10:59 am Got our Base building contract last night and all of our plans.... But with some good news it gets topped with bad news.... Bank won't go full unconditional until we have council approval which I believe is still quite some time off. This means that due to our finance clause for our land we are going to have to split our loan into 2 parts, 1 for the land to be settled in a few weeks and another part for the construction part. We will then have to combine both loans in the end to have it as one figure... Also noticed our building contract has NO subject to finance clause so I'm going to be letting them know that I won't be signing until that's in there. I know we are conditionally approved but things could change and I'm not risking a $15000 deposit for it. Re: Coral Homes Noosa 23 - Ormeau Ridge 37Jul 05, 2017 11:13 am Caydenn Got our Base building contract last night and all of our plans.... But with some good news it gets topped with bad news.... Bank won't go full unconditional until we have council approval which I believe is still quite some time off. This means that due to our finance clause for our land we are going to have to split our loan into 2 parts, 1 for the land to be settled in a few weeks and another part for the construction part. We will then have to combine both loans in the end to have it as one figure... Also noticed our building contract has NO subject to finance clause so I'm going to be letting them know that I won't be signing until that's in there. I know we are conditionally approved but things could change and I'm not risking a $15000 deposit for it. I think it is pretty standard to have 2 loans. We have done that for all our builds. It isn't any big hassle combining them at the end We didn't sign our contract until we got conditional approval from the bank. So many people sign before conditional approval but if the finance doesn't come through, you lose your deposit. It wasn't something I was willing to risk. Re: Coral Homes Noosa 23 - Ormeau Ridge 38Jul 05, 2017 11:18 am Tamara1975 Caydenn Got our Base building contract last night and all of our plans.... But with some good news it gets topped with bad news.... Bank won't go full unconditional until we have council approval which I believe is still quite some time off. This means that due to our finance clause for our land we are going to have to split our loan into 2 parts, 1 for the land to be settled in a few weeks and another part for the construction part. We will then have to combine both loans in the end to have it as one figure... Also noticed our building contract has NO subject to finance clause so I'm going to be letting them know that I won't be signing until that's in there. I know we are conditionally approved but things could change and I'm not risking a $15000 deposit for it. I think it is pretty standard to have 2 loans. We have done that for all our builds. It isn't any big hassle combining them at the end We didn't sign our contract until we got conditional approval from the bank. So many people sign before conditional approval but if the finance doesn't come through, you lose your deposit. It wasn't something I was willing to risk. We have received our conditional approval they just want Land Registration, Building Contract and Council Plans approval before they go fully unconditional. So you would say it's quite safe to sign the contract if we have conditional approval? Re: Coral Homes Noosa 23 - Ormeau Ridge 39Jul 05, 2017 11:49 am Caydenn Tamara1975 Caydenn Got our Base building contract last night and all of our plans.... But with some good news it gets topped with bad news.... Bank won't go full unconditional until we have council approval which I believe is still quite some time off. This means that due to our finance clause for our land we are going to have to split our loan into 2 parts, 1 for the land to be settled in a few weeks and another part for the construction part. We will then have to combine both loans in the end to have it as one figure... Also noticed our building contract has NO subject to finance clause so I'm going to be letting them know that I won't be signing until that's in there. I know we are conditionally approved but things could change and I'm not risking a $15000 deposit for it. I think it is pretty standard to have 2 loans. We have done that for all our builds. It isn't any big hassle combining them at the end We didn't sign our contract until we got conditional approval from the bank. So many people sign before conditional approval but if the finance doesn't come through, you lose your deposit. It wasn't something I was willing to risk. We have received our conditional approval they just want Land Registration, Building Contract and Council Plans approval before they go fully unconditional. So you would say it's quite safe to sign the contract if we have conditional approval? Yes, it should be fine as long as that is all they are waiting on Our bank unconditionally approved as soon as BA came through Re: Coral Homes Noosa 23 - Ormeau Ridge 40Jul 05, 2017 12:02 pm Just got off the phone with our BSC she has told me I am welcome to amend the Subject to finance clause as required but she also reminded me that this is just a base contract to make the bank happy and provide finance and we wouldn't even be entering into our deposit till the final contract comes back from head office in two weeks anyway. So silly me I don't even need to stress as they don't have any money for me to lose. None the less I'll amend the subject to finance section and get it to my broker You should pressure clean your roof first and make sure the paint you buy also is anti mould. 4 18867 Ask the council if there is a chance of getting build over easement exemption. Sometimes easements are unused and 24cm is not all that much. Good luck. And yes any builder… 2 13963 In Qld it is a requirement that a builder must have a cost breakdown, for building a home to the same specification, with the same inclusions and the same finish. So ask… 1 4365 |