Unlocking the Door to Homeownership

Unlocking the Door to Homeownership Buying a New Home in 7 Steps: Do YOUR RESEARCH Consider upgrades, exterior options, room count, appliances, floor plans, and square footage Find the ideal community for your family's lifestyle Whether you prefer a cozy, quiet neighborhood or one bustling with activity, you can have it! KNOW YOUR TImeFrAmE Allow time for touring model homes and researching online MARCH PACTOR TOUR HOUSE Spec homes are usually at or near completion, so you can move in quickly OPEN HOUSE If you choose to build from the ground up, allow for at least 6 months for completion HOUSE MEET WITH A SALES AGENT Sit down to talk about final price and which options you want Analyze the cost and value of your top choice of home and community Make your final decision and begin the buying and building process 4. GET MORTGAGE PRE-APPROOVAL Pre-approval for a specific mortgage amount takes the guesswork out of financing LOAN APPLICATION APPROVED Your homebuilder will help you partner with a preferred lender Consider home options, upgrades, and total cost to ensure that you can afford your dream home FINALIZE THE HOMEBUILDER'S CONTRACT Confirm the amount of the earnest money deposit, typically anywhere from $3,000-$20,000 The homebuilder will be heavily invested in the project Feel free to ask questions-this transaction is different from standard real estate contracts GET INVOLVED IN THE BUILD Embrace the homebuilding experience to create a home that is uniquely yours You have a say in every step of the process, so have fun! Your homebuilder will deliver a home with lasting quality, character, livability, and value CLOSE THE DEAL Complete the mortgage process with your lender Obtain the title-and your new keys! Move in and start loving life in a new house you are proud to call home SOLD Sources: ideas.thenest.com/real-estate/buying-a-home/articles/7-steps-to- buying-a-house.aspx www.nbcnews.com/id/16949932/ns/business-answer desk/t/what- are-steps-involved-buying house/,UUlzXhmBQko portal.hud.gov/hudportal/HUD?src-/topics/buying a home homebuying.about.com/od/buyingahome/qt/BuyNewHome.htm PROVIDED BY: CENTURY COMMUNITIES www.CENTURYCOMMUNITIESNEWHOMES.COM