How much and when do you pay
 

Now that they are letting you pick a lot and then start construction up to 90 days latter. Can anyone tell me how much money they need and when they need it? Do you pay for the lot first? How much deposit do they need at the start of construction? I could call them but as I am in the info only stage thought some of you might know.

If my memory serves when we purchased it was $7500 to hold the lot and we had 1 year to build. At contract signing we then had to have a total of 20% down including the $7500.

I think Mike is right. He usually is!

We had Jim McLaughlin help us with both of our new homes here and he is a very nice man who does not in any way pressure. Here is his email;

jim.mclaughlin@thevillages.com,

We did this about 1.5 years ago. As I recall, several thousand to hold the lot, followed by the remainder of full cost of the lot is 30 days. Then we had the meeting to determine what we wanted in the house and the approval of the plans. The rest of the money was taken care of at the signing of the mortgage. We were given an additional discount if we built within 60 (?) days. Final walk through and mortgage followed after te house was completed.

Thanks for the responses
 

So it sounds like they have changed it from time to time, maybe as much as the total cost of the lot as down payment. We have taken too long getting our house ready to sell and now are on our way down to a rental for Jan through March. So house will list in April. Can't have listed with a house sitter also no one will pay for view in the grey winter. Houses in my town have been selling in a week to a month depending on how realistic the person was on price and closing 30 to 45 days later so I would have plenty of cash come June or July but without liquidating all my stocks and taking a tax hit only enough for lot or 20% now.

Looking forward to the gang at Crispers.

you have 90 days to start construction

Just call them. This way you will have the current prices and situations made known to you rather than people telling u what happened to them 1.5 years ago or more

Agree. Things have changed several times in the last three years alone.

7500 = 90 days. 5000 =60 days 2500=30 days...