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Originally Posted by Bill-n-Brillo
 Sounds like you made the right choice, especially given that your home in VA hadn't closed at that point. I never knew TV was putting terms like that on the new homes.
Bill |
I've been to TV on four occasions, two just looking and the last two buying. What I was told was always consistant with the times before. We tried to purchase a resale in September. When buying a resale the terms of the deposit and the closing dates are agreed upon by the buyer and seller. We agreed on 10% down, 45 day close. Citizens managed to screw the closing up and even a week later could not give me a definitive closing date. So I backed out and got my deposit back. I returned two weeks ago and decided to buy new. In that case TV controls the deposit amount and closing date. 20% deposit was due within a week and it was a 30 day close. Take it or leave it. I wanted to use another lender but knew the 30 day close might be a problem and I could not take the risk. For some dealing with TV is a whole different ballgame than what they might be used too, one has to realize TV is in control.