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Originally Posted by OBXNana
We close on Wednesday and everything is fully scripted. We requested a copy of the contract prior to moving forward. A friend looked it over and felt it was straight forward and we needed to fully understand what we were signing before we proceeded. It took us a couple days to make sure financing was in place and we could close within 30 days. If you're paying cash, 30 days will not be a problem. There is no negotiating with new construction. We were fortunate to have a good sales person and she has been very helpful. She obviously represents the developer, but has bent of backward to make this sale as convenient as possible for us.
We decided to use a lender we have used in the past and gave him a copy of the contract 2 weeks before we committed to the purchase. He read it over and assured us we would close by 2/12/14 and we signed on 1/13/14. There is a 30 clause for closing and can be extended 60, but there is a cost associated with going past 30 days. Our lender can write a mortgage in 48 states and was able to give us a better rate than we could get at the local Village bank. We used The Villages Insurance and Lawyer because their prices were the same as those we checked elsewhere. It made it quite easy.
I have read many people on this forum say there were surprises at settlement. So far, 4 days out and we got the HUD-1 today, everything is clearly spelled out. You just have to read everything.
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Closed January 23 in Gilchrist and everything went quite well! No surprises. What was surprising were the hoops we now have to jump through to get a mortgage. I own a career service and Citizen's Mortgage picked out several deposits and needed copies of client checks that constituted those deposits. Really?
But that's common these days so I jumped through the hoop. Can't wait to be there full time. Love it all.. as I freeze in Columbus, Ohio~
