01 December 2010

If you haven't got anything good to say...

...then at least try not to get too ranty.

As people around me who ask me about this sort of things, I'm getting a little bit tense about the house situation, which is why there haven't been any updates about it for weeks now. This afternoon, I've got a bit of time to burn before netball, and I think I'm just about comfortable enough to write about it.

Since my last progress update in early November, pretty much nothing has happened. The house is still ready to move into. No more of the driveway needed to be replaced. It took another couple of weeks after that for all the requisite paper work to be re-submitted to the ACTPLA, the ACT planning authority, and we were advised about two and a half weeks ago that it should take ACTPLA two weeks to re-approve, and then it goes to the titles offices for registration. That's where things fell over last time.

If all goes well with the titles office, it should take approximately a week to be registered. Which brings us up to the end of this week, although I'm estimating that it will more likely be next week. The registration of the title, as I think I may have mentioned earlier in my eternal harpings about the build, is basically when everything is done, and it signals that there are 14 days until the end of the contract, in which there is a flurry of activity from all sorts of lawyers and banks and things and they get a big cheque and week get some keys. I don't pretend to understand the things that happen in that process - I thought the whole 14 day process was settlement, but apparently it's actually a point in time, before which a series of papers are signed and exchanged and important meetings happen with gathering intensity, culminating in the ecstatic moment where the house is actually ours. That's how I understand it at the moment, although I admit there may be some artistic licence in the whole thing.

Licences, that reminds me. Our lawyer/conveyancer (I'm pretty sure the lady who is doing it is not a lawyer, even though we signed up for one at a law firm - fat lot of good it did us) finally got around to getting the terms of the licence agreement (to re-hash, that's the rental type agreement between us and the developer that would enable us to move in before settlement) and while it looked good in terms of the 'rent' they would charge, there were some pretty suspect penalty clauses in it. Specifically, we'd be liable for a massive jump in rent, to the tune over about $800, if there was any delay in settlement after the 14 day period when the title is registered. Normally this would actually not be too much of a worry - we're pretty sure we'll get all our ducks lined up in that time, but it's getting awfully close to Christmas, where the requisite lawyers and bankers will not be around to participate in the orgy of papers, declarations, deeds, insurance waivers and bank cheques. It would also apply in addition to the penalty clauses already in the contract of sale, which are not insubstantial in their own right.

In short, it's a bit of a risk that we're not keen to take, despite the possibility of moving in early.

With the timetable as it is, if we're lucky, the best case scenario is that we move into the place the weekend before Christmas. The next best is that we take some time mid week, and move in the days before Christmas. The next best is that we settle on like 23/24 dec and move in after Christmas, when we get back from Perth. The worst option is that settlement falls after everyone buggers off and we pay penalty fees until every one's lawyers et al get back from their Christmas break, although the agent has promised they will argue that the penalty fees should be waived for that period if this occurs. Much as I appreciate that sentiment, I don't know how much success they would have in that scenario - the developer hasn't often listened to them so far. The last option, and while it's not hugely attractive, it's better than the worst, is that there is some delay with registration of the title, and settlement doesn't occur until after Christmas some time.

So that's where we're at. For the most part at the moment, we're trying to manage our expectations and make sure everything is lined up so that we can move quickly if we have to. The waiting game is frustrating, but we're getting pretty good at it these days - I'm thinking of developing some sort of zen philosophy based on it all.

I also realise this blog is becoming mighty boring without any nice pictures about the progress of the house or what we're doing, and also because I haven't even had time to post other odds and ends on here because of work. I'll try and rectify that at some stage in the future, but probably not right now. Instead, I will just let you know that the netball season is in full swing again, and we've had some real crackers in the past couple of weeks. One of the finest moments a few weeks ago involved the opposition goal shooter having a bit of a tanty and storming off to cry in the gents after pretty much every pass to him was blocked by myself in goal keeper, or our goal defence. His salty tears tasted of victory that night....

1 comment:

  1. *sighs* it sounds like the last burst of intensity before things finally crack. By now you know where you're at... no?

    By the way - I found the post to be quite interesting without pics. I'm quite caught up in the story and will make an audible cheer for you when I see the piccies of yourself and Dana sipping Champers on your new terrace, proudly displaying keys in hand!!!

    *fingers and toes crossed for you buddy*

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