Purchase process question

[dbenzie]

To all those that have successfully navigated this path....we would appreciate your wisdom....after you put a deposit on your vacant lot (which is now $5,000), what happens? We imagine there is a timeline, between lot deposit, design meeting, building, and closing. In addition, are there any additional fees, deposits, etc., beyond lot deposit, that are due prior to closing?

Thanks, everyone, for this information and for all the wonderful information relayed in this forum.

[gomoho]

I am concerned your sales agent didn't go over all that.

[dbenzie]

I am concerned your sales agent didn't go over all that.
We have not purchased yet. We hope to in the next 3-4 months.

[bogo2128]

To all those that have successfully navigated this path....we would appreciate your wisdom....after you put a deposit on your vacant lot (which is now $5,000), what happens? We imagine there is a timeline, between lot deposit, design meeting, building, and closing. In addition, are there any additional fees, deposits, etc., beyond lot deposit, that are due prior to closing?

Thanks, everyone, for this information and for all the wonderful information relayed in this forum.

If you have a view lot, you have to take the first available design meeting. For us it was about a month later. We had 4 days of design meetings. You sign the contract on the last day and pay about 20%. Then you are given the closing date, about 72 days later. We signed Friday 1/25 and will close Thur 4/11.
The balance is due at closing.
Hope this helps.

Good luck to you!!

[gomoho]

Thanks for the clarification Dbenzie - misunderstood your question.

[dbenzie]

If you have a view lot, you have to take the first available design meeting. For us it was about a month later. We had 4 days of design meetings. You sign the contract on the last day and pay about 20%. Then you are given the closing date, about 72 days later. We signed Friday 1/25 and will close Thur 4/11.
The balance is due at closing.
Hope this helps.

Good luck to you!!

Thanks for your reply. Is the payment you referenced, after you sign the contract, 20% of the entire purchase price, including lot, home, upgrades, etc.? We have built 4 homes, in 4 different states (not FL), so this seems odd to us. Thanks, again, for taking your time to reply. We appreciate it. Chris & DiAne

[mulligan]

yes, 20% of the total package