Customizing your new home is easier than you might think.
Buying a home is likely one of the biggest (and most rewarding) decisions you’ll ever make. To minimize the guesswork, we put together this helpful outline to walk you through the process of purchasing and building a Signature Series home with Celebrity Custom Homes.
Once you’ve decided to build a home on our currently available homesites in Pradera, you’ll be asked for a $5,000 fully-refundable deposit, which will add you to the Ready-to-Buy List. A 3-hour preview meeting will be scheduled. When a start date becomes available, you’ll be contacted by a Sales Representative and given the opportunity to move forward. If you’re ready to purchase at that time, you’ll execute the Preliminary Purchase Agreement. If not, we’ll move to the next homebuyer on the List. If you’re not ready to purchase, you may move to the bottom of the List and be contacted when future opportunities arise, or opt to be removed from the List and your $5,000 deposit will be promptly refunded.
Preliminary Purchase Agreement
Once you’ve committed to building a home and a start date is available, it’s time to execute the Preliminary Purchase Agreement. You’ll finalize your plan, elevation style, and homesite. An additional $5,000 deposit and a preliminary loan approval letter are required at this time to move forward. Once the Preliminary Purchase Agreement is executed, the entire $10,000 deposit becomes non-refundable, and you’ll begin to secure your permanent home loan. This step reserves your Construction Start Position and also begins the Selection Process.
During the Selection Process, you’ll work closely with your Construction Coordinator, who will take you through the process of customizing your new home to your personal tastes. You’ll have approximately 20 business days to make your selections including floorplan options, cabinets, appliances, plumbing fixtures, electrical additions, lighting fixtures and more. Once your Selection Process is complete, it’s time for the Purchase Agreement.
Once you’ve made all your selections and your total purchase price has been determined, you’ll execute the actual Purchase Agreement. This step will occur a minimum of three weeks prior to the start of construction. This step requires full loan approval and a 10% non-refundable deposit. All deposits apply to your home and will be credited to your purchase at closing.
On the Construction Start Date we’ll begin building your new home. It will take approximately seven months to complete construction. Throughout the building process, you’ll have scheduled walks of your home with your Construction Coordinator to make sure we are getting everything just right. These walks will be scheduled after framing, before drywall, and a final walk approximately one week before closing.
The closing on your new home will be just like a closing on any other home. You’ll bring the remainder of the money owed to Celebrity Custom Homes, sign the closing paperwork, and we’ll give you the keys to your new home.
This is a brief outline of the Signature Series purchase process by Celebrity Custom Homes at Pradera. Contact a Sales Representative for more details.