When purchasing your new home, it’s important to understand how it all works so you are properly prepared to approach each step effectively. This can seem overwhelming to some, but our PURCHASE HOMES team are here to take away that stress and turn this into a fun, efficient and understandable process with no nasty surprises along the way.
Below is our guided journey of purchasing a new home through one of our aligned land and building companies.
Speak with our team to share your motivations, desires and key requirements to purchasing your new home. This is where we get to know you and introduce you to our exciting business model that you can tell all your friends about.
Our team at PURCHASE HOMES FINANCE have you covered here. Once we have the go ahead to start looking,we get into the fun stuff. If you aren’t quite ready to purchase just yet, then don’t stress as we will work with you to get you to where you need to be.
Our partnerships with the best developers in Melbourne makes this process a lot easier than going it alone. Plus we may have some sneaky insider information we can use to help in getting you a better deal. Should you already have your own land then this is great! We can skip to the next step.
Once you have nominated your favorite block, then it’s time to start looking at your new home, and the people who will be building it. Our panel of builders gives you access to the best minds and operators in the industry. Depending on what you want, will depend on the best fit for you.
Once you are happy to proceed, it’s time to finalise your design and specification. This will also enact your first builders deposit which generally ranges from $500 to $3,000.
This is our time to shine. Key activities that will occur here are the fun things such as soil reports,engineering designs and assessment of land suitability to confirm your site costing. Whilst this is happening you will be working with your broker to get the finance sorted, this is a team effort and an important stage of the process.
Now that we have a conditional finance approval, it’s time to formally execute your building agreement and move towards settlement. This will involve meeting with one of our members again who will happily run you through the ins and outs of your agreement, so you are comfortable with everything.
BOOM!!! You are all approved with a successful valuation. We now proceed to the settlement of your land and transfer any following funds required for the transfer to occur. Generally you can expect some costs such as land and water rates, land tax, settlement fees and the remainder of your total deposit.
You are now the official owner of your own parcel of land. Congratulations!
Most builders will take between 16-24 weeks to build your new home from this point. All you can do is sit tight here and keep up to date with the progress of your new home. This is a great time to do some furniture shopping, planning for your first home gathering and organizing anything that’s needed before moving in.
You are in your new home and for now, our journey is complete! This is your time to reflect on your journey and enjoy the company of your loved ones in your new palace. As we know, getting into property is exciting and beneficial, but in order to generate some financial independence we need to acquire multiple properties. But for now, sit back and relax and we will set a follow up plan to take the next step for when that time comes.
At PURCHASE HOMES, we make sure that you as the client is treated as number 1. Our job is to work for you! We get a kick out of seeing people happy so that is our mission every day. Once you meet with our friendly experts, we humbly believe that you will no longer need another property professional in the new home industry.