Want to know how to purchase a block in Covella?

Whether you’re searching for a grand family-sized block, or something low maintenance, finding what you’re looking for and understanding the ins and outs of purchasing is a piece of cake at Covella!

Check out the steps below to make your purchase simple, convenient and stress-free.

 

1. Confirm your budget
Discuss with a broker or lender about getting a pre-approved loan. This gives you an idea of what options are available, and the confidence to purchase your ideal block.

If you are a First Home Buyer and/or building a new home for the very first time, make sure to check what Government Grants are available.

2. Choose your block
Visit our Sales & Information Centre to chat with our friendly sales team and see a selection of block sizes or house and land packages, and find one that suits your budget, lifestyle, and preferred house design.

3. Secure your land
Once you’ve decided on a block, simply provide your sales consultant with a copy of your loan pre-approval letter, along with your initial deposit to reserve your land while your paperwork is prepared for signing.

You’ll also need to engage a conveyancer or solicitor to guide you through all the legal details and processes of buying your land and receiving title of ownership.

4. Contracts prepared & signed
Our sales team will prepare a Contract of Sale and send a copy electronically for you to sign. The contract should be signed and returned within one week of receiving it. If everything is in order, we will countersign the contract and send a copy to your conveyancer/solicitor.

Your conveyancer/solicitor will then discuss with you the time-frames and conditions of your Contract of Sale, including finance, payment of the balance of deposit, settlement timeframe and any other conditions of the contract.

5. Research & choose your builder
Research and get familiar with the different home options and understand design guidelines before selecting your builder. When you have chosen your builder your next step is signing your build contract.

6. Settlement & hand-over
Settlement usually occurs either 14 days from finance approval or 14 days from notification of registration whichever is later. Your conveyancer/solicitor will be able to confirm exact dates and help manage this process.

At settlement, pay the remainder of the purchase price and then you are ready to build your dream home and bring your vision to life.