Buyers' Guide

If you have considered purchasing a property off the plan, our guide below covers great tips to ensure a smooth purchase. 

Link: 'off the plan buying guide'.

 

 

OFF-THE-PLAN APARTMENT BUYERS’ GUIDE

 

STEP 1: EXPRESSION OF INTEREST (EOI)

  •          $5K EOI deposit to the HOME789 trust account with either a bank cheque or Electronic Funds Transfer (EFT)
  •          This deposit only secures you a position in the queue for the launch sale or the issue of a contract to your solicitor for a normal sale
  •          The deposit is fully refundable if the sale does not proceed to contract exchange

STEP 2: CONTRACT EXCHANGE

  •          Meeting your solicitor
  •          Contract signing
  •          Amendments agreed
  •          Contract exchange
  •          66W certificate to waive the cooling off period
  •          10% deposit paid

STEP 3: WAITING PERIOD

  •          An off-the-plan project usually takes 2 years to complete. Please wait 3 months before the property settlement, and then start the next step. During this period, HOME789 will provide you with quarterly construction updates.

STEP 4: PREPARE SETTLEMENT

  •          Speak to a mortgage broker about your loan
  •          Valuation inspection to be arranged by the mortgagee
  •          Settlement booked through your solicitor and mortgage broker
  •          Pre-settlement inspection by the purchaser, book via BuildingLink

STEP 5: SETTLEMENT

  •          Once the property is settled, both of the vendor’s solicitor and your solicitor will issue a settlement confirmation to HOME789
  •          Pick up the settlement package from vendor solicitor

STEP 6: REGISTERING ALL SERVICES

  •          Council rates: Your solicitor will register for you.
  •          Water rates: Your solicitor will register for you.
  •          Strata levy: Your strata manager will look after this for you.
  •          Electricity. Please set up your account with your preferred electricity provider. If the property is managed by HOME789, our property manager will do it for you, once a tenant is secured.
  •          Gas. Please set up your account with your preferred gas provider. If the property is managed by HOME789, our property manager will do it for you, once a tenant is secured. 
Vantage Apartments
Upcoming residential hot spot
OASIS
Escape to Oasis, your heaven of serenity in a thriving urban village.