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jonesie2017
39 Posts
jonesie2017
39 Posts
Junior Member

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jonesie2017

Joined 21 February 2017
Junior Member
7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

I hope this means you will have a much better experience and outcome!

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7 years7 yearsjonesie2017jonesie2017 posted:
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

  ⋅  1
7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Fantastic! Thanks so much for your replies everyone, it's so helpful :)

  ⋅  1
7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Yay for both of you! :)

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

  ⋅  1
7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

It's ridiculous when people can't even do the job they are paid to do!

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Geez, how did that happen? That's a huge difference!

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

That's terrible, how stressful! Why did they undervalue it? Did they end up valuing it higher?

7 years7 yearsjonesie2017jonesie2017 posted:
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!

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

That's good to know, thanks :) I was wondering what happened with the official house contract.

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Thanks marcoola and bridgetwitch. That's fantastic! That sounds more like what I thought would happen. It…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Great, thanks!

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Thanks heaps, that makes a lot of sense!

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

Great to know! Thanks :)

7 years7 yearsjonesie2017jonesie2017 posted:
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…

  ⋅  1
7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

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7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

7 years7 yearsjonesie2017jonesie2017 posted:
Coral Homes general build thread

vonsta76 That's great! It must be lovely having it mostly done :) yep, hopefully we can buy at the…

7 years7 yearsjonesie2017jonesie2017 posted:
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…

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