Page 5 - 19UHL Buyers Guide

BUYING A NEW HOME WITH
5 UNIVERSAL IN 5 EASY STEPS

A NEW HOME IN EASY STEPS 1

GET YOUR HOME LOAN PRE-APPROVED & PAY A DEPOSIT
Get your home loan pre-approved. Once you have chosen your new home, you pay
Universal a $1,000 deposit (refundable if you do not go unconditional). A Contract
Information Sheet is completed by your Universal New Home Consultant. This sheet is
not a binding legal contract on either party.

2
COMPLETE YOUR CONTRACT TO PURCHASE
Once the Contract Information Sheet is complete, Universal’s Sales Administration
Officer will prepare your Contract to Purchase based on the information you have
provided. The contract will be sent directly to your nominated Solicitor. You will then
need to make an appointment with your Solicitor, so they can explain the Terms and
Conditions of your Contract to Purchase with Universal.

3
RETURN YOUR CONTRACT TO PURCHASE
Universal allows a reasonable amount of time to have your contract signed and
returned.
Your completed contract must be returned within the specified time frame to
Universal Homes. The property is held from the market for this period of time. If there
are any conditions to be satisfied (for example: finance, sale of your existing home, etc.)
it is the responsibility of you, together with your Solicitor, to attend to these conditions.
Universal will allow you sufficient time to satisfy these conditions.

4
GOING UNCONDITIONAL
Once all conditions (if any) are satisfied, your Solicitor will declare the Contract
to Purchase to be Unconditional. When the Contract to Purchase becomes
Unconditional, further monies – as per your contract - are payable to Universal.

5
TAKING POSSESSION OF YOUR BRAND NEW HOME
When the Possession Date occurs, the balance of final monies – as per your contract -
are payable to Universal, after which you take possession of your Brand New Home.