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New Home Planning Kit
APPENDIX: STEPS IN THE SITE-BUILDING PROCESS
A. Fact-Finding Interview with Salesperson
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1. |
See models, get an understanding
of construction of homes and process involved in purchasing,
as well as some ballpark prices. |
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2. |
If you do not have park chosen
at this point, discuss that. |
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3. |
Visit the model center at the
factory to further consider what homes are available (get a
registration card from your salesperson). |
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4. |
The park lot or land for home
placement should be known prior to finalizing the details of
the home. The salesperson will arrange for an engineer to survey
the lot to be sure the considered home will properly fit and
how it will sit on the lot. |
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5. |
When a home is finally chosen,
discuss this in detail with your salesperson and he will arrange
for you to meet with one of the model center sales consultants
to "spec out" the details for your home. For example:
any floorplan changes, choosing colors, appliances, cabinets,
carpet, or upgrades. Allow yourself two to three hours for this
meeting so that nothing gets overlooked or done hurriedly. |
B. Contract and Down-Payment
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1. |
Sales contract drawn up and a
significant "good faith" deposit made. |
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2. |
A total amount equal to 25% of
the total sales contract must be received in order to begin
the process by ordering the home. |
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3. |
If home is to be financed, down-payment
maybe 10%-15% depending on letter of commitment from financial
institution. |
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4. |
Application for permits is then
made. |
C. Delivery and Installation (See Step
6)
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1. |
If trade-in is involved, it is
removed and the lot is prepared just prior to the delivery of
the new home. |
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2. |
The home is delivered to the
lot, blocked and anchored. At this point, 50% of the total contract
is required to be paid. If home is financed, amount paid will
be prearranged with financial institution. |
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3. |
Electrical and plumbing hooked
up as well as air conditioning and heat unit installed. |
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4. |
Initial inspections completed
and approved. |
D. Outside Package (See Step 7)
Concrete, brick, and aluminum
work done to code.
E. Final Inspections and Balance of Sales Contract Paid
F. Move In
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1. |
Title transfer from contractor
to buyer. |
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2. |
Insurance coverage should begin
for new owner. |
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NOTE: Legally, no one can
move into a home until the final payment has been made. Upon
receipt of the final payment, the transfer of ownership goes
from Meadowood Homes of Florida, Inc., to the customer. Insurable
interest also transfers, and a certificate of title is then
ordered through the Florida State Bureau of Motor Vehicles in
the name of the new owner. |
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