73Goat,
Yes, the one-year plan you described is still available. But as Allen already mentioned, it may not be available for all lots.
My wife and I wanted to put down a deposit on a lot on the Lake Miona Golf Course (the back of the house facing the Golf Course) in Pennecamp. It was around December 30th, 2009. The requirement for that lot (until January 1st, 2010) was that you had to build right away. We were told that starting in 2010 we could put down $2500 every other month and wait for a year. So we waited until January 4th and put down the first $2500. On January 4th of 2011 we will have to come up with 20% of the total cost of the lot and the home we pick, less the $15000 we will already have put down, and close about three months later.
I think the high demand premium lots are the ones that don't qualify for the one-year wait. If they haven't sold fast enough, I think that's when they allow the one-year deal.
Hope this helps.
Good luck with the lot/house hunting.
Guy and Winnie
Boca Raton, FL and Cheshire/Plainville, CT
Last edited by GuyWin; 02-11-2010 at 08:44 PM.
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