Development Approval
Approval by the planning authority for a development. The planning trust could be local government or state government, depending on the project.
Approval by the planning authority for a development. The planning trust could be local government or state government, depending on the project.
A sum of money paid as an assurance the buyer is serious about the purchase. This amount is included as part of your payment towards the overall property price, but is paid at the exchange of contracts. It is often non-refundable.
A certified copy (often a photocopy) of an original document that has on it an endorsement or certification that it is a true copy of the original document. It does not certify that the original document is genuine, only that it is a true copy.
A method of sale where eligible applicants provide their details to go into a draw. Names are then drawn out via an electronic ballot draw system. Prospective buyers are then invited to purchase an affordable home in the order the names were drawn. This process ensures buyer names are provided in random order.
A period of time during which a property is available for sale only to eligible buyers under HomeSeeker SA. During this time it can not be sold to an investor or someone who is not eligible for HomeSeeker SA.
An employment reference is usually a written statement by an employer outlining the salary, period of employment, and likelihood of employment to continue. Applicants can also submit payslips as proof of income, however, this does not state if employment is ongoing.
An Eligible Buyer through HomeSeeker SA means someone who meets the eligibility criteria as outlined on the HomeSeeker SA website.
A Declaration of Eligibility is a Statutory Declaration that a Eligible Buyer signs to confirm that they meet the eligibility criteria to purchase a property under HomeSeeker SA.
A licensed person professional who specialises in providing advice and information about buying and selling property including the transfer of Titles, ensuring that their client meets all legal obligations, and that the client’s rights are protected.
HomeStart is finance institution, established in 1989 by the Government of South Australia, that specialises in providing home loans for South Australians and getting people into home ownership.