Browse Forums Buying Land Re: How to buy Land? 14Sep 29, 2020 8:48 pm Tash2020 Thanks everyone for your advice. I was more after advice as to how to go about the actual purchase. Do you just start with making an offer? Ie. If you want to pay a lesser amount than what is advertised. How do you put a deposit down? Eg. Who decides how much? Is it refundable if you decide not to go ahead? How long is it held until you must pay balance? Does the deposit have to be made in person by both buyers, eg. My husband and myself? Thanks again in advance It's the same as an established house. If you think you know what it's worth and are willing to make an offer, just ask the agent for a letter of offer. On that, you specify a price and usually other details like preferred settlement period and if the offer will be subject to anything like getting finance approved etc. You should also be able to nominate a deposit (only has to be enough that you wouldn't easily let it go. Doesn't have to be a set %). You only pay that deposit once the offer has been accepted, you have signed a contract and the cooling off period has ended (can just transfer to the agent's trust account). That then gets used as a part of your payment AFTER settlement has finished. You are not bound by an offer. Even if they accept you can just tell them no thanks. It's up to you what strategy you take with the offer. Agents are incredibly deceptive people and will spin you all sorts of nonsense to get you to offer more. But as the buyer you never really know. Good luck but make sure to do your diligence as well. Re: How to buy Land? 15Sep 30, 2020 1:30 am Tash2020 Thanks everyone for your advice. I was more after advice as to how to go about the actual purchase. Do you just start with making an offer? Ie. If you want to pay a lesser amount than what is advertised. How do you put a deposit down? Eg. Who decides how much? Is it refundable if you decide not to go ahead? How long is it held until you must pay balance? Does the deposit have to be made in person by both buyers, eg. My husband and myself? Thanks again in advance First thing I would recommend show the section 32 to a conveyancer who can check for red flags and advise you. Deposit is usually $1000 and make the contract subject to finance if you are getting a loan. You are best to contact a conveyancer as soon as possible, they should be able to guide you. Usually you can nominate a settlement period of say 4 weeks so you have that time for the bank to approve the loan. That is for titled land if you buy untitled land from the developer it works a bit differently. 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 7147 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 6684 Need advice on the backyard plan above. Should I excavate and cut all of the dirt to level with the house slab or semi-excavate as per photo above? Both left and right… 0 25174 |