Buying Process At Forest Springs
Building or buying a home can be an intimidating process, particularly if you're a first home buyer. However, like any seemingly daunting task, buying a home becomes manageable if you break it into smaller steps. Here's an overview of the main steps for buying and building at Forest Springs. For more information or details about buying or building a home speak to our sales team today.
Seek Financial Advice
Before making the final decision to buy, speak with a financial advisor to understand your options. It can be daunting making your own financial decisions - there are a lot of choices out there. A good financial adviser will tailor a solution that meets your unique needs. Our sales team can help to recommend an intendant financial advisor.
Choosing Your Block, Home or House and Land Package
It’s now time to pick your dream home. Our sales team can help you decide on the best location, size, and style of your dream home, or put you in contact with builders that will suit your needs and budget. Although this process differs slightly depending on what you’re buying, generally you will be asked to sign a contract and provide a deposit to secure your land.
Keep in mind that there are fees involved in buying a house, including Government stamp duty, legal fees, mortgage insurance and financial loan fees. Before you sign, you should have a solicitor look over the contract and ensure you understand all costs involved.
Contract and Transfer of Land
Once finance is approved and the conditions of your contract are met, your contract becomes ‘unconditional’. This means you’re able to proceed with the contract. Your solicitor now needs to inform our solicitor of this on your behalf.
Design Requirements and Review
To pursue the best outcome, all homes must comply with a set of Design Requirements. Home and land packages can be pre-approved, but generally the builder will need to submit your plans to our Design Review Team for approval. You can find this application in the back of our design guidelines with steps on how to submit your home for approval.
The time between when you sign your contract and settlement can vary. We’ll send you regular project updates to let you know how things are progressing.
On the settlement day which will be advised by our sales team, you need to pay the remaining balance of your purchase. To avoid any disappointing delays, make sure that funds are available from your financial institution before your settlement date. Once all the relevant mortgage documents are signed, the land title will be transferred into your name.
Now that your block of land is registered and your plans are approved by our Design Review Team, your builder will then submit the plans for building works and plumbing approval. Once approved, the builder can start construction. Most builders require progress payments at various stages of your build: slab down, frame up, roof on, lock-up and practical completion. Your financial institution can arrange these payments for you. Your builder should keep in regular contact with you during the build, but you can always contact us if you have questions.
Investing In Your Future
As a leading developer of high quality master planned communities around Australia, and recognising the desirability of Gladstone, Walker understands the strong need to build outstanding residential communities in an area that has considerable growth and demand.