NEW What is the process? Q: A: Select a lot & builder Apply for financing CONSTRUCTION
Q: A: Build on your lot with new How does the financing on New Construction work?
1. 2. 3.
construction financing or on a builder owned inventory lot (spec home) with traditional financing. Work with a lender who specializes in New Construction financing to get you through the process.
Begin design/model selection (depending on customizations permitted) Watch it grow! Close & Move in!
4. 5.
Q: A:
Q: A:
How long does it take to build? Where do I live in the meantime?
How do I choose a builder?
Many builders do not advertise so they are harder to find than home listings on the MLS. Having a Realtor familiar with New Construction in your corner can help you sort through them all, based on location, budget, time frame and overall quality.
Total build time is running anywhere from 6 months to 2 years depending on the builder and complexity. Some builders also offer “spec homes,” which can be ready much sooner but with little to no room for customizations. Your realtor can help you find accommodations until construction is completed.
Katie Ditton Mortgage Loan Officer (386) 237-8615 katie.ditton@amerisbank.com
Ashley Flatley Real Estate Broker (386) 214-6714 ashley@coastalventures.us
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