We're so excited ... our titles have arrived! Settlement of the land is next week on Wednesday and we're hoping we will start building straight afterwards.
Our bank has left everything to the last minute which is a bit of a double edge sword; good in that we haven't been stressing over finances during the 3 months delay, but now we are in crunch time and really worried the house valuation comes in at the price we want.
The land was undervalued by 3K (apparently because of the landscaping promo only? I don't get how they 'value' the land based on a promo that the bank had no idea whether we were eligible for or not!?) - which wasn't so bad as those funds are available. For the land mortgage, everything is ready to go; all docs signed and now we can only wait for settlement. Fingers crossed the construction value will be spot on or close so we can cover those costs... Don't really want to ask my parents for a loan! Hoping I'll find out today...wish us luck!
We visited our block on the weekend to make sure the tags were measured properly and to our delight it was! There were some other people looking around the estate for land in Stage 2 but I couldn't see if any were sold. In fact, we could see that Stage 1 was sold out accept for 2 blocks.
Maybe the next time we visit we'll be fenced! :-)
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