Thursday, October 14, 2010

You bought a home and now what

A Quick overview of Your New Home Buying Experience

Purchasing a new home is a very exciting experience. It is also a complex experience, with many details to be decided and arranged.

The chronological list that follows outlines the typical events that take place in the purchase of a new home. It is vital that all items are completed quickly so that your home can be built in a timely manner. Expect this building process to take 4-8 months allowing for weather and any other unforeseen factors.

  • Contract Signing The home buying journey begins by signing a purchase agreement at the Sales Office. This requires an earnest deposit. At this time you will receive a color scheme book from the sales office so you can begin the selection of the exterior paint on your home and a list of what items you will be selecting. Please feel free to drive the area to view other homes.

  • Mortgage Application Please provide sales staff with a letter of loan approval within 30 days of contract signing.

  • Pre-Construction Meeting At this time a Representative will contact you to set up an appointment to meet with your builder. The builder can answer any questions regarding modifications or structural changes to your floor plan and he can price these items for you. You may be required to pay a non-refundable processing fee to obtain pricing. This fee will go toward the price of your home. The builder will discuss the construction process and have you sign off on your plans. Please allow 2 hours for this meeting.

  • Material Options Meeting Once you have completed the above, a Rep. will contact you to meet at the Design Center to begin selecting stone, carpet, cabinets, etc. for your new home. This is an exciting time-consuming process. Please allow 4 – 6 hours for this meeting. If you have furniture or drapery fabrics to coordinate with, it will be helpful to bring them with you. We also recommend that you spend some time looking at the model homes to observe features that are of interest to you. This will allow you to view many of the options and materials available. A deposit for the selected upgrades will be due at this time.

  • Ground Breaking Ceremony This meeting will be with you, your Representative, and the builder to present your lot layout as discussed in the pre-construction meeting. Please allow 45 minutes for this meeting. All other Visits must be scheduled 48 hours in advance with your Rep. for your safety during construction.

  • Pre-Drywall Meeting This is the first of two construction meetings with the Rep., the builder and you. The builder and Rep. will review with you the location of cable and phone outlets as well as address any other concerns while on site. Please allow 1 hour for this meeting.

  • Final Orientation Meeting At least three weeks before closing your Rep. will contact you for a home orientation meeting conducted by your builder. He will explain the warranty program. Please allow 2 hours for this orientation. Right before closing there will be a warranty walk-thru.

Congratulations on the purchase of your new home!

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