Thursday, February 28, 2013

Never a dull moment

Land Valuation
Lindsay and his team at Aussie Home Loans have been very supportive during the process of purchasing the land. The levels of communication and follow up have been greatly appreciated and beyond expectations.

Today an on site bank valuation occurred. Thankfully the bank agreed on the value of the land, however they determined the land to be in a bush fire zone. Instantly, I began to see the upgrades to the house fading with the costs of compliance for fire hazards.

Thankfully, after speaking to the Sales Consultant for Vermont I was assured that the estate is not in a bush fire zone.

By COB Friday 29 February 2013 1 March 2013 (edit: whoops! there's no 29th Feb this year), we will know if we have the go ahead for the loan.

On another note the solicitors also received the amended contract for the sale of the land today, hopefully there will be no issues there.

Tender
Hopefully tomorrow we will have a date to attend our tender appointment.

It seems the individual hurdles have been a blessing to align the approval of the loan, signing of the contract of sale for the land and the next stages of the house.

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