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Purchase process question

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Old 02-10-2013, 07:32 PM
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dbenzie dbenzie is offline
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Default Purchase process question

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.
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Old 02-10-2013, 08:28 PM
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I am concerned your sales agent didn't go over all that.
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Old 02-10-2013, 08:30 PM
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Originally Posted by gomoho View Post
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.
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Old 02-10-2013, 08:50 PM
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Quote:
Originally Posted by dbenzie View Post
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!!
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Old 02-11-2013, 08:39 AM
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Thanks for the clarification Dbenzie - misunderstood your question.
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Old 02-11-2013, 09:16 AM
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Default 20% of what?

Quote:
Originally Posted by bogo2128 View Post
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
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Old 02-11-2013, 12:23 PM
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yes, 20% of the total package
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