We are agreed on how we go about purchasing houses to support an eventual multi-site collective vision.
We are agreed on everything we need to go shopping for real-estate, and be able to make purchase decisions.
We have pre-approval on the maximum mortgage we expect to need, and are relatively confident of specific mortgage approval once a site is selected.
We have found the site that we’d like to try and buy. This may need to happen more than once until we are able to make a successfull purchase.
We have signed a purchase agreement with a vendor and are committeed to purchase a property for a particular price.
We have completed purchase of the site, and now own land and are presumably in debt to a bank.