with buying a new construction home. So this video is going to be about what that process is going to
look like. Anticipating the next steps can take a lot of stress out of you and make you more
confident in this journey. First tip though is work with a buyer's agent. Find yourself a really
no cost involved in you getting a buyer's agent. Okay so now you've decided to buy a new home
make sure that you have decided on the location that you feel you're going to want to live in.
Get acquainted with the area because once you're going through the buying process you want to be
really sure that this is a place you can see yourself being happy in right? Because that's
the whole point of this is for you to be happy in your next home. Step number 2. You're ready to do
a lot of research. Now you need to figure out what builder is building in that neighborhood and what
the sales office and then seeing the model homes. So now you have a general idea of which community
seen this before right. Home prices start at $400,000 and then you walk into the sales office
with a pre-application worksheet and request earnest money as a deposit to move forward.
The agent will also send you HOA docs to review and to sign to ensure you understand and agree
the base home comes with the base structural components. You'll be giving structural options
agent will send you the contract for review and for signatures. Usually they'll give you anywhere
the contract gets reviewed by a lawyer because you want to make sure that you are very clear as
to what you're about to sign. Step number 8 is you sign a contract and you submit the earnest money.
The earnest money is usually not refundable so if for whatever reason you end up defaulting on the
contract and you do not close in most cases then you do not get that money back. Step number 9 is
you choose a lender and you get approved for a mortgage within contractual timelines. Now you
have the choice to go with the builder's lender or your own and you should definitely shop around
so you can compare different rates but a lot of buyers will end up going with the builder's lender
because they tend to give out really good rates. Step number 10 is you get to personalize your home
with the design choices. During this step you will be able to pick the design choices for the
interior of the home. The design consultants will guide you during your visit with them.
You get to choose interior components such as flooring, cabinets, sinks tiles and more.
Total design costs will then be sent to you and typically you will need to submit a certain
percentage deposit towards the design costs. Step number 11 is be plugged into the pre and
construction phase which could take anywhere from 8 to 12 months. The construction team will keep
you informed with videos and photos. The team will be drafting your new home. They'll be getting the
Typically you will have a pre-construction meeting to go through the floor plan and then construction
the drywall goes up and then you're also going to want to have your own inspector to do an
inspection during the final walk through. Step number 12. The closing appointment.
So this is your final destination before the house is actually yours. Before you can call it your own
home and here you'll sign the closing documents and you'll submit the final payment. Now the