[kpd3062]

Can you buy a lot and go through the whole design process for all series of houses? I don't recall ever seeing a lot listed for sale for any of the patio or courtyard villas. Are those all spec built homes?

[champion6]

Patio Villas and Courtyard Villas are all spec-built.

[kpd3062]

Originally Posted by champion6

Patio Villas and Courtyard Villas are all spec-built.

OK, Thanks

[villagetinker]

Contact your villages sales agent, when we did this in 2013, we got lucky and lots were available, this is not always the case. our agent found a very nice lot, and we built our dream home, and then moved in about 5 months later.

[mulligan]

Keep in mind, also, that until the closing happens, you don't actually "buy" a lot. You reserve or hold a lot. Title is transferred at closing, and if you have a mortgage, a lien is filed against the home with the clerk of courts.

[kpd3062]

Thanks ,Both great points. We will be there in a month and will talk to our salesman about that.

[villagetinker]

I am sure we actually bought the lot, $65,000, and at closing we just took the mortgage for the house and got the full deed, but I also assume these things change, so ask you agent. Also, be very cautious about outside financing, the villages was very specific that closing MUST occur within 30 days of completion, Citizens First Mortgage was able to do this, some lenders cannot, and I think there is a penalty if the 30 day window is missed.

[Packer Fan]

Originally Posted by villagetinker

I am sure we actually bought the lot, $65,000, and at closing we just took the mortgage for the house and got the full deed, but I also assume these things change, so ask you agent. Also, be very cautious about outside financing, the villages was very specific that closing MUST occur within 30 days of completion, Citizens First Mortgage was able to do this, some lenders cannot, and I think there is a penalty if the 30 day window is missed.

Everyone always says that, but I bought a new house from TV, worked with a Mortgage Broker who went through Quicken loans. We close 2 days late because of some back and forth between the Villages and Quicken loans and there was absolutely no problems at all. The Villages people who did the closing said as long as the mortgage company is working with them the actual closing date is not set in stone, they just have a goal of closing on time.
I saved $3000 in closing costs over what The Villages bank wanted.....

[villagetinker]

Good info, I had not heard of that before, thanks for sharing.