It seems like we've hit a little pitfall in our cash flow and the timing of the build.
As in the previous post, we were already awaiting valuation on the property. The status now says that the valuation report has been submitted back to the bank. In this case, we should be right in terms of the land settlement on the 13th of May and henceforth on the 13th of June.
One thing that doesn't quite fit right now, in terms of schedule, is the incoming invoice for the slab. As the slab has been finished (possibly finished curing already), we have now been invoiced for the slab. This is quite a significant value of the house and without the bank's loan, it will be difficult to pay for this. With the current timing on the bank (and we know that bank processes can take time), we may not have the cash flow for this to happen through the loan.
We are hoping that our trusted broker can negotiate something with our trusted builder. We will await the results of their chat on Monday and hopefully something comes through. We are sure that both the builder and ourselves want this to be worked out and it will be beneficial for both sides to have this go smoothly.
There is always a plan B and C but we do not want to dip into these quite yet.
For now, just wait and see until Monday.
Enjoy the weekend and have a happy Mother's Day.
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