The home buying journey
There can be a lot to consider when buying a home, especially when it isn’t built yet. To make this easier to understand, we’ve outlined the step-by-step buying process.
Buying off the plan
Contact one of our Property Consultants
One of our experienced TGC Homes Property Consultants will be in touch to provide you with a Property Information Memorandum (PIM) and answer any initial questions about any of our current or past developments.
1
Select your home
In the PIM provided, you will have information on the house plans, renders, images, schedule of finishes, delivery timeframe, pricing, rental appraisal and expected rental yields. It will also include the Sales and Purchase Agreement so once you have selected your home, you are ready for the next step.
2
Review and sign the Sales and Purchase Agreement
When you have chosen which home you would like to purchase, the next step is to review the Sales and Purchase Agreement. If you are happy with the contract, it can be signed and returned to your TGC Homes Property Consultant to secure the property.
3
Due diligence and information gathering
The Sales and Purchase Agreement is subject to a 5-day due diligence for you to gain your solicitor's and finance provider's final tick of approval as required. Each of these parties will advise if any information or action is needed from you during this time.
4
Deposit is paid
At the end of the due diligence period if you, your solicitor, and finance provider are satisfied with everything, then the 10% deposit is paid by you to the TGC Homes solicitor's trust account, which is held until the settlement date.
5
Construction gets underway
Sit back and relax. You'll receive updates from us during the construction process keeping you informed of how the development is progressing. Watch your home come to life.
6
Building completion
We’ll notify you and your solicitor that construction is finished on site and a Code of Compliance Certificate and the Certificate of Title are imminent. You, your solicitor and finance provider can then start preparing for settlement (payment of your total remaining funds).
7
Code of Compliance Certificate and Certificate of Title is issued
TGC Homes will contact you and your solicitor once the Code of Compliance Certificate and Certificate of Title are issued. From here you will have 5 working days to ‘settle the sale’.
8
Settlement and handover
Once the settlement payment has been processed, your TGC Homes Property Consultant will meet you or your agent onsite to walk through your new home, demonstrate how everything works and hand over the keys.
9
The purchase process is complete and the home is all yours, move-in ready.
