Road Map To Your Home
| PURCHASE AGREEMENT | 1 | Congratulations! You've found your new Brownstone Homes home. |
|---|---|---|
| EARNEST MONEY | 2 | If your Earnest Money was in the form of a Promissory Note make sure it is redeemed on time. |
| LOAN PRE--APPROVAL | 3 | Your Loan Pre-Approval letter is due within 14 days. Our Preferred lender, will submit the application, order a credit report and verify pertinent details. |
| 4 | Note: If your home is still under construction, the closing date written on your contractis an estimate only. Do not lock your loan or make moving arrangements until you have received a 30 Days to Closing Notice which will state your official closing date. | |
| OPTIONS APPOINTMENT & DEPOSIT | 5 | If your home is still in construction, you have the option of selecting additional customizations from the Options & Upgrades Sheet. Once you loan letter is received, earnest money is deposited & released to the builder, your sales agent will contact you to set up an appointment to view available customizations. After choices are finalized, a deposit of 50% of all options is required. All deposits for options are non-refundable and will be applied toward closing costs and/or prepaids at closing. |
| APPRAISAL | 6 | Your sales price & loan amount are confirmed or adjusted. Your lender now requests any additional information to finalize your loan & orders the appraisal. |
| 30 DAY NOTICE | 7 | 30 Days to Closing Notice with your official closing date will arrive. Notify your lender of this date. A construction department representative will contact you to schedule your New Home Orientation for 5-7 days prior to closing. Your appointment will be on a Tue, Wed or Thurs. |
| 8 | Continue direct contact with your lender. Provide the last few things needed for verification. | |
| UTILITIES | 9 | Set up utilities from Utilities List. Phone & cable services may take a few days to connect. Call Post Office for mailbox keys. |
| 10 | Finishing touches are being installed to make the home uniquely yours. | |
| PROFESSIONAL INSPECTION | 11 | Independent professional inspections (if desired), to be completed & any addendum(s) turned in at least 48hrs prior to your New Home Orientation appointment. (Please notify agents of time & date of inspection). |
| ORIENTATION | 12 | Your Construction department representative will meet you at your new home on the date of your New Home Orientation. (Appointments usually last 1-2 hrs) |
| SIGNING & FUNDING | 13 | Once your loan documents arrive Fidelity Title will call you to set up a signing time & notify you of any money due. Signed documents are then returned to the lender for review & funding. (It takes approx. 24-48 hrs from Signing to Closing). |
| RE-WALK | 14 | The Re-Walk is a follow-up appointment to the New Home Orientation usually done on or around your closing date. |
| CLOSING & KEYS | 15 | Finally, documents are sent to the county for recording. Fidelity Title calls to tell you, your home has closed & is now yours! Come on out to the office to pick up your keys! |
| Congratulations! You've made an excellent investment. We've enjoyed building your new home! | ||
"The deciding factor in purchasing a home was the incredible amount of space and light in the floor plan design. " -current homeowner