Settlement took place on Tuesday September 29 as planned. We
now officially own a very small part of this wide brown land. So now our focus naturally
turns to the house build itself
According to the contract the Building Period is 150
working days excluding weekends, Public holidays and Christmas closure.. Of
course, the building period doesn’t
start until site commencement. It’ll be interesting to see how long it will
take Orbit homes to start the build. However, site commencement can’t happen
until the building permit has been issued. Under the contract, the builder is
not required to apply for the building permit until we provide them with “essential
information” including satisfactory evidence of our title to the land and
satisfactory evidence of our capacity to pay the contract price. As the build
loan is a further advance on the land loan it couldn’t be processed until after
settlement. We are now waiting on the bank to undertake this processing.
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