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Steps to Buying a New Home: The steps involved in buying a new home typically include the following:
- Hire an Agent: Engage a real estate agent who specializes in new construction homes. They can guide you through the process and negotiate on your behalf.
- Pre-Approval: Obtain pre-approval for a mortgage loan to determine your budget and affordability.
- Locations/Subdivision: Research and select the desired location or subdivision where you want to build your new home.
- Choose a Price Range: Determine a price range that aligns with your budget and financing options.
- Floorplans: Explore available floor plans offered by the builder and select one that suits your needs and preferences.
- Cost to Build Estimate: Obtain a cost estimate from the builder, which includes the base price of the home, as well as any upgrades or additional features you choose.
- Offer Submission: Submit an offer or sign a purchase agreement with the builder, specifying the chosen floor plan, upgrades, and other terms.
- Earnest Money Deposit: Provide an earnest money deposit to demonstrate your commitment to the purchase.
- Meeting for Final Structural Changes: Meet with the builder to discuss and finalize any structural changes or modifications to the floor plan.
- Home Design Center: Visit the builder's design center to select finishes, fixtures, and other customization options for your new home.
- Pre-Drywall Walk Thru: Conduct a walkthrough with the builder before the walls are finished to ensure that electrical, plumbing, and other important elements are properly installed.
- New Home Orientation: Attend an orientation or walkthrough with the builder to familiarize yourself with the features and systems of the home.
- Final Walk Thru: Before closing, conduct a final walkthrough of the completed home to identify any issues or deficiencies that need to be addressed.
- Closing: Complete the closing process by signing the necessary legal documents, paying closing costs, and obtaining the keys to your new home.