12/08/2022
Real Estate in 60 seconds: New construction with New New 😉 (Part 1)
1. Your Realtor must accompany you to the first meeting in the sales office in order to assist you through the new build process unless otherwise stated on the Builder Guidelines. Please read the guides before heading to the sales office or ask your Realtor ☺️
2. Deposit: Deposits can range from $5,000 - $20,000+. Some Builders offer lower deposits for VA loans. Deposits can be used towards closing costs, down payments, or upgrades. Any deposits left over, can be refunded back to you. Deposits are non-refundable after a certain time. This time is outlined in your purchase agreement. Know what you’re agreeing to before you sign and place your deposit.
3. Lender - whenever you’re purchasing a home, you should shop around for best rates and incentives. Some builders will offer you $5,000-$40,000+ for using their preferred lender. This credit can be used towards closing cost and/or upgrades. But make sure you weigh out the pros and cons of that incentive.
4. Upgrades: You can get upgraded flooring, doors, finishes, window covers, sinks, bathtubs, backsplash, you name it, you can upgrade it. Upgrades can be included in your loan or may need to be paid up front, ask the Builder what options are available for upgrades. Walking into the design center can be an overwhelming process but if you have a budget, a plan and a great Realtor, it doesn’t have to be.
Sheri Jones
619-607-2439
#01928379