After receiving disappointing news last week that our block had been submitted (but was now on the waiting list) at the titles office I was surprised to receive a call from our conveyancer during the week advising that we now had title and settlement would be occurring in 14 days! What the?
I’m not sure about the specifics but it would seem the vendors/agent expedited the process so instead of 19 days waiting + 2-5 weeks of processing time it all happened in the space of just over a week. Excellent news after waiting so long however it now puts pressure on getting our finance approved prior to the settlement date of June 1st.
On Friday we signed the building contract, signed the land transfer documents and passed everything back to our mortgage broker and conveyancer to weave their magic.
So, once again the odds change…
Revised odds for construction start
- June Start: 30-1
- July Start: 2-1 fav
- August Start: 12-1
- September Start: 100-1