PROGRESS UPDATES
| LOT NUMBER | WORK PROGRESS UPDATES |
|---|---|
| Updates coming soon.. | |
| Work in Progress – Super structure 100% completed. Building is 100% rough casted- rendering to begin after floor casting. Floor casting is currently being done. Roofing and tiling materials already purchased | |
| Super structure 90% completed. Decking to be completed followed by rough casting plus render. Roofing and tiling material on site. Forecasted to be 100% completed by October 2023. | |
| Vacant in processing | |
| Work in Progress– Super structure completed. Roofing to be installed by end of Month | |
| Work in Progress – Floor tiles procured, roof covering currently being installed. Window installation and tiling scheduled for next month | |
| Updates coming soon.. | |
| Updates coming soon.. | |
| Updates coming soon.. | |
| Updates coming soon.. | |
| Work in Progress – Super structure completed. Roofing is in the process. Floor tiles already on site | |
| Completed | |
| Under new process. Rear perimeter wall has 100% completed. | |
| Completed | |
| Vacant | |
| Vacant in Processing | |
| Completed | |
| Online – Super structure to be completed by August. Unit slated to be completed by the end of 2023 |
Step By Step Sales Process
| Purchaser/Applicant Task | Developer Task | Attorney Task |
| Complete the electronic application form (EAF) and submit. The EAF includes available lots, house design with estimated cost, method(s) of purchase finance and other general information about applicant(s). | Review information provided on the EAF, confirm availability of lot selection and calculate total estimated purchase price-based on applicant’s selection criteria. Applicant and attorney will be notified, and relevant information incorporated in sale agreement | Review applicants EAF and resolve any discrepancies and inconsistencies. |
| Get pre-approved for the mortgage and submit copy to Ineka Brydson Law firm confirming amount. If 100% financing is not provided by official lender, provide proof of ability to meet entire financial obligation | Review and discuss design with Progressive Developer/architect for submission | Draft Agreement for Sale for purchaser to review and sign. |
| Obtain and review Agreement for Sale (to be completed in duplicate and notarized). Sign and return copies of Agreement for Sale to IB Law Firm along with earnest deposit and any other fees required. | Obtain BQ, surveyors and valuation report commissioned, then submit building plans for approval with the Parish council. | Follow up with applicant progress and clarify terms ambiguous to applicant. Compile applicant mortgage package |
| Collect Mortgage Package and complete your interview at your Mortgage Company. | Review mortgage package checklist with purchaser(s). | |
| Submit the “Letter of Commitment” to IB Law Firm. | Commence construction and provide periodic updates including facilitating visitation to construction site (where requested). | Review signed Letter of Commitment and acknowledge receipt of same. |
| The mortgage company will send a “Letter of Undertaking” to attorney. The attorney will notify purchaser in writing upon receipt and if there is a “shortfall” to be paid. Shortfall must be paid prior to closing. Please note that the “shortfall” is the difference between the loan amount and the balance to close the sale. | Project review with purchaser when shell/frame is complete. Subsequent periodic progress review timeline will be agreed with purchaser. | Complete transfer of ownership to purchaser(s) as per Agreement for Sale. Where balance to close being funded by mortgage relevant documents will be forwarded to mortgage company upon their request. In which case they will complete transfer to purchaser |
| Collect Transfer Instrument for signing and return to IB Law Firm for further processing. After which same will be forwarded to your mortgage institution along with any other documentation required by them. | Confirm completion of the housing unit as agreed | Review documents and confirm receipt of all funds (including closing costs) or undertaking (where applicable). Prepare letters of possession for property |
| Upon completion of the unit and after our Attorneys confirm receipt of the mortgage proceeds, collect your letters of possession and keys. | Provide warranty details for housing unit | Present keys and letters of possession to new homeowner(s). |
OUR MORTGAGE PARTNERS
