Purchasing Off The Plan - Step-by-Step Guide

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Purchasing Off The Plan

THE ADVANTAGES

Purchasing off the plan can provide some significant benefits:

Secure pre-construction and/or pre-completion pricing.

With a 10% deposit securely held in a Solicitor’s Trust Account earning interest, you have plenty of time to plan financially for settlement. Potential for capital growth prior to settlement on your asset as property prices rise.

Increased choice of layouts and views.

Getting in early to secure a piece of this very rare absolute beachfront property, while having time to plan your move or other arrangements.

Acquire a brand new property, with lower maintenance costs and potential for tax depreciation advantages.

OUR PROCESS

Project Discovery

ONE

Following your initial enquiry, our sales team will be in touch to ensure we understand your wants and needs for your future home.

An appointment will be scheduled to meet with you. For those who can't make it in person, we hold a virtual presentation or a discovery phone call.

With over a decade of selling off-the-plan homes, the SIERA team understands what is important to our future residents, and our sales team is able to help you understand the process in detail and feel more comfortable throughout the discovery.

During your 1-2 hour appointment, you will discover more about the project.

At the appointment you will be able to:

See and feel the finishes that will be in your new home.

Experience the absolute beachfront lifestyle from our Display Gallery, right next to site.

Go on-site and see the progress we are making with construction.

Of course you can ask about all of the ins and outs of the project to make sure it is exactly what you are looking for.

The purchasing journey is different for everyone and we are here to work with each individual purchaser to ensure that you leave excited and prepared for your new home. This can include:

Multiple Appointments

Meeting with the Builder

Meeting with the Architect

We understand this is a big step and we are here to assist you in making the decision that is right for you.

Securing Your New Property (EOI)

STEP TWO

Should you wish to purchase, you will be given an Expression of Interest (EOI) form to complete and return along with a $5,000 deposit to hold your property.

To ensure your property is held, we ask that you return your EOI within 48 hours.

Once we receive your EOI, ID and deposit receipt, our solicitors will prepare your contract for review.

The Contract Process

STEP THREE

You and your solicitor will be provided with your contract to review via the Document Portal and be requested to have it returned (by your solicitor) within 7 days of receipt. We will also be in communication with you through this process.

Once approved by all parties, our solicitor will issue the contract via an electronic signing program called

Once issued via DocuSign, the contract will be ready for execution which we ask is promptly completed within 24 hours of receipt.

Once signed by all parties, the executed contract will be distributed.

Going Unconditional

FOUR

Your contract is now Conditional.

Your balance deposit is due within 14 days of the contract execution date. This is 10% of the contract price, minus the initial $5,000 EOI deposit.

If you require assistance at any point during this process, our SIERA team is happy to help you with any questions you may have.

Once your balance deposit is paid your contract is now Unconditional.

Home Owner’s Journey

STEP FIVE

At this point, you will have been receiving our Construction Updates, Monthly Newsletters and other important updates, which give you an insight into how dedicated and committed the SIERA team are to creating your new home.

As a part of the home owner’s journey:

1. You will receive an official welcome message and be added to our growing group of excited purchasers. In this email we will confirm your preferred contact details and that you have received all of your exclusive materials such as our project brochure to share with your friends (or keep on your coffee table).

2. In the days following this, you will receive an experience questionnaire where we would love to hear your honest feedback. This helps us to continually improve the quality of our service to clients.

3. You will be invited to project events along the way to celebrate milestones and meet your new neighbours. Monthly construction updates, development information and ongoing marketing communications will help you stay up to date with all project progress.

4. Leading up to the settlement of your new home, we will guide you through everything you need to know. We will be in touch to help you with this.

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