Coral Homes general build thread
I hope this means you will have a much better experience and outcome!
Coral Homes general build thread
We got the breakdown for individual costs on our original quote? The facade was a shock - you would think the front of your house is included, but it isn't
Coral Homes general build thread
Fantastic! Thanks so much for your replies everyone, it's so helpful
Coral Homes general build thread
Has anyone had their bank value land prior to the land being registered? I have been told that where we are looking has the $1000 holding deposit, then 60 day…
Coral Homes general build thread
That's terrible! I agree that she's just trying to get you 'over the line' with less work on her part it sounds like. Sometimes I swear people forget that it's…
Coral Homes general build thread
Well, personally I think that it's her job and your house. You're paying good money, and if you know you want to make the changes now I reckon it makes…
Coral Homes general build thread
It's ridiculous when people can't even do the job they are paid to do!
Coral Homes general build thread
Haha same! Oh that sounds really stressful. Our site works can be fixed, but we don't have the disclosure plans yet so they can only quote. And blocks are selling…
Coral Homes general build thread
I am getting very nervous about this process now! It's all the unknown expenses, whether the bank will be ok with it, will bank policies change, how much is stuff…
Coral Homes general build thread
Geez, how did that happen? That's a huge difference!
Coral Homes general build thread
That's terrible, how stressful! Why did they undervalue it? Did they end up valuing it higher?
Coral Homes general build thread
Yeah I was thinking we would try and hold off as long as possible for official contract, just in case there are other unexpected expenses... the unknown is scary!
Coral Homes general build thread
That's good to know, thanks I was wondering what happened with the official house contract.
Coral Homes general build thread
Thanks marcoola and bridgetwitch. That's fantastic! That sounds more like what I thought would happen. It…
Coral Homes general build thread
That's great if you have come in under! We are over our pre-approval amount, but as the land doesn't register until the end of the year we have more time…
Coral Homes general build thread
We have pre-approval too, but our broker is scaring me by saying that we are taking a risk that our circumstances might be different or the bank might change their…
Coral Homes general build thread
Thanks for that so does that mean you had to commit and pay 5% deposit without formal approval from the bank? i.e., you could have…
Coral Homes general build thread
Sorry more newbie questions... Can anyone tell me what the process is for buying land that isn't registered? Do you pay a deposit to secure the lot, if so, is…
Coral Homes general build thread
Thanks heaps, that makes a lot of sense!
Coral Homes general build thread
That sounds terrible! And here I was naively thinking that building was much easier when it came to valuation...
Thank you! We are first home buyers too, so all of…
Coral Homes general build thread
caitnkase We have paid a small deposit so far, and we have been told that it's refundable right up until they use the…
Coral Homes general build thread
Good to know! So if you are within clause for both then you can have them both valued together and not commit if it's not going to work out? Thanks…
Coral Homes general build thread
caitnkase Wow, that's really surprising. I just assumed that the value of the house was equivalent to what you pay for. That means…
Coral Homes general build thread
Well that's a terrifying thought! If that happens, would you just cut out some of the 'extras' you have on your home to make it be less expensive? Or would…
Coral Homes general build thread
This is going to be a dumb question, but how can your valuation come in short for the build part? If the build costs you, e.g., $250k can the bank…
Coral Homes general build thread
vonsta76 That's great! It must be lovely having it mostly done yep, hopefully we can buy at the…
Coral Homes general build thread
Thanks, yep I was aware that the pre-approval only lasts 90 days, but I didn't think that applied once you had your contracts for the house all done! How stressful…