Quote:
Originally Posted by JMintzer
This is incorrect. The hold fee is nowhere NEAR 10%. IIRC, it's $10K.
And our (re-sale) closed in 6 weeks, just last February. New homes will probably close in 5-6 months, or more if it takes longer to set up a design appointment...
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Sorry to tell you but i just went through buying a new house from a Village Realtor. We had to put 10% down and close within 30 days or would be penalized. I have the paperwork to prove it.