What Should I Know Before I Close on My New Construction Home

Рет қаралды 30,733

Utahs #1 Realtor on YouTube Ty the Real Estate Guy

3 жыл бұрын

So, you’re wondering, what should I know before I close on my new construction home? This is an incredible question. So, today, I’m going to give you an in-depth look at the closing process with home builders. And, just so you know, I’ve been in the NHC industry for over 15 years. I have personally guided more than 500 people through the process of building a home. And, I have built 5 homes for myself. This is the best video you will find to gain an understanding of the closing process with New Home Construction.
Looking to Buy or Sell in UTAH? Call/Text me @ 801-995-2337
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In nearly 20 years as a Realtor in Utah, I've helped 100's of people from all over the World. If you're looking to BUY, SELL, BUILD a HOUSE or INVEST in UTAH Real Estate, Call or Text Me @ 801-995-2337. I'd be HONORED to HELP YOU. I’m Ty the Real Estate Guy, Serving the Salt Lake City area, Utah County for YOUR Real Estate needs.
Utah Realtor: Ty Wilde "Ty the Real Estate Guy"
801-995-2337
TyWilde7@gmail.com
Wise Choice Real Estate
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Пікірлер: 159

@TyWilde 3 жыл бұрын

For more great videos like this hit the subscribe button. kzfaq.info/love/0X9q1Yr_JARSO8hYHf9RRg

@dianedo8314 2 жыл бұрын

Great info as always! Builder told me they r anticipating to close on my home last week of December if there are unexpected delays. So excited despite some issues I am dealing with.. thanks for keeping me sane with your vids- so pertinent to me Ty!! Thanks!

@TyWilde 2 жыл бұрын

Thanks for watching & for your comments. Your move in date will arrive before you know it. Have a great week.

@scarlettperezyo Жыл бұрын

Thank you for all the videos and info you provided

@TyWilde Жыл бұрын

You are so welcome. Thanks for watching & even more so for the compliment.

@ArmyBarbie 2 жыл бұрын

I love all your videos! Seriously you always hit it on the nail*

@TyWilde 2 жыл бұрын

Thanks for the compliment. I appreciate it way more than you know.

@brenell1273 2 жыл бұрын

Thanks for the information.

@TyWilde 2 жыл бұрын

You bet! Thanks for watching.

@eaglemountainutahrealestat8440 2 жыл бұрын

This is incredible information for anyone looking to close on their new construction home. A must watch!

@TyWilde 2 жыл бұрын

Thanks!!

@mrssunflower72h78 2 жыл бұрын

We have a spec home with additional upgrades we were able to get. We have cabinets & outside done but no one updated closing which is first of October. Love your videos & very excited!

@TyWilde 2 жыл бұрын

Thanks for the compliment & for watching. Your closing date will come faster than you think.

@Neemz_Music Жыл бұрын

Great info Ty, thanks!

@TyWilde Жыл бұрын

Glad it was helpful!

@jab3593 10 ай бұрын

This is so helpful. Thank you.

@TyWilde 10 ай бұрын

Glad it was helpful! Thanks for watching.

@islandsnow 2 жыл бұрын

You are exactly right. I was told 60 when cabinets are received and installed

@TyWilde 2 жыл бұрын

Yes. Thank you.

@sabrinalynn4319 2 жыл бұрын

I swear these videos come out at the perfect time! Finally got our walk and closing dates. Only a few more weeks! 🎉 I seen in a different comment that you suggest wiring the funds a day or so prior to make sure they are available and cause no delays. Never thought of that but noted it down. Thank you for your knowledge and breaking things down! ☺️

@TyWilde 2 жыл бұрын

Perfect! That's so cool to hear. I'm so glad I could help you. Please let me know if you have any questions.

@BreezeWithAfrica 2 жыл бұрын

That’s smart!

@TyWilde 2 жыл бұрын

@@BreezeWithAfrica Thanks!

@muah214 2 жыл бұрын

How was your closing?

@aguybotz17 2 жыл бұрын

I’m learning so much from you man! I’m about to close on our new house, we’re about 30days out before the house is completely build.

@TyWilde 2 жыл бұрын

I'm honored I could help. Thanks for the compliment & best of luck to you my friend.

@Isoteloful 2 жыл бұрын

Great video

@TyWilde 2 жыл бұрын

Thank you. Glad you enjoyed it

@TheOnlyHMR Жыл бұрын

Very informative video. I wish I would have seen this before, I’m closing next week! Went with the builders preferred lender with 6k towards closing

@TyWilde Жыл бұрын

Thanks for the compliment & for watching. Best of luck to you in your new home. You'll want to watch, The New Home Checklist - What to do BEFORE you close on your house kzfaq.info/get/bejne/p7ZzqLN-ucimpKc.html

@maereed1 2 жыл бұрын

Who’s doing videos like this for home closings in Illinois. Your information is very helpful

@TyWilde 2 жыл бұрын

You're awesome. Thanks for watching & for your comment. The information should be pretty close from state to state except for many states don't build home with basements.

@Hchance6941 2 жыл бұрын

Great videos thanks! Can you do one about how to wire transfer the funds to a builder without becoming a victim of fraud specifically wire transfer fraud.

@TyWilde 2 жыл бұрын

Thanks for watching & for your excellent suggestion. Believe it or not, I actually have 25 videos in the cue. That' being said, I'm going to look into this because its such a problem today. Thanks again.

@SimplyFitwithJay 2 жыл бұрын

Perfect timing. Closing on our new contraction on the 19th 😀 any tips for closing day on a new construction? Thank 😊

@TyWilde 2 жыл бұрын

Yes. I'm glad I could help & congratulations on the new home. The best tip I could give is to tell you to watch my video what to do after moving into your new construction home. Here's the link... kzfaq.info/get/bejne/jKxhbLp1yJnclGQ.html

@sharonwhyte-murphy1488 3 жыл бұрын

I am waiting patiently for my home to be completed.... the cabinets have been installed but still waiting the siding to be done. I am not using the builder's preferred lender. I work for a bank so I am going with my bank because I am getting a better rate.

@TyWilde 2 жыл бұрын

Oh, so you're getting close. Congratulations. Hopefully the exterior will be completed soon.

@videomry Жыл бұрын

Thank you for the informative video. The closing date for my new construction townhome (quick move in) is 30 days away. I am going with builder’s lender and locked in the rate. Should I go with builders title company or an external one my attorney is suggesting?

@TyWilde Жыл бұрын

That’s a great question. I’ve always just used the builders lender when I close. I would think you’d be safe to do that.

@thebigb2277 Жыл бұрын

First minute is critical for your viewers to decide to continue watching or not. Don't spend time on doing self praise or promoting yourself. Also, you can have normal face or with a smile instead so much force on your face. Your content is good though but can be a better presentation

@TyWilde Жыл бұрын

Thanks for the tip. I appreciate it more than you know. If you watch my newer videos you'll notice I have a much shorter intro with no self promotion. Still a forceful face though. LOL.

@ChuckItUp 2 жыл бұрын

Great video! Do you recommend having a closing agent (attorney) for closing day when you sign all those contracts/paperwork for new build home?

@TyWilde 2 жыл бұрын

That is an incredible question. It probably depends a little on what state you live in, but I would say for the most part probably not. If a builder was taking advantage of people, they wouldn't stay around too long. I think it's more important to hire a Realtor who understands the home build process before you sign any contracts. Thanks for watching.

@ChuckItUp 2 жыл бұрын

@@TyWilde thank you so much for the response! Couldn't find any information on this online so I am glad you are able to provide some clarity. Keep up the great videos!

@TyWilde 2 жыл бұрын

@@ChuckItUp So glad I could help you!

@Stromboli88 2 жыл бұрын

Did our walkthrough and things were still missing like the shower door, bathroom mirror and some hardware. Do you recommend trying to get the closing date moved back since I cannot get an updated timeline when those items will be finished.

@TyWilde 2 жыл бұрын

That is an excellent question. Most builders will "force" you to close on the date they have given you. If that's not the case, and the builder will allow you to push the closing date back, I would definitely go that route. If they make you close, I would get it in writing signed by the builder that they will complete the missing items within an acceptable timeframe. Let me know how it goes & best of luck to you.

@ruthbranson4444 3 жыл бұрын

Ty, what are the pros and cons of buying the model house? I have the opportunity to do so and it's tempting but it is somewhat more than I wanted to spend but doable. What's the downside? What about warranties?

@TyWilde 2 жыл бұрын

This is an excellent question. Thanks for watching & for asking. The big upside is that model homes are usually way over upgraded & the builder can't possibly sell the home for what they've put into it. The big downside is that you will most likely be buying the most expensive home in the neighborhood. It might not appraise & you might not get the full value out of the home when you sell it. Best of luck & keep me posted on what you decided to do. BTW, who is the builder?

@lovelymorris4474 2 жыл бұрын

Thanks this was very helpful! I am getting just a tad bit anxious, we started in April and my completion date keeps getting moved back due to labor shortages

@TyWilde 2 жыл бұрын

Glad it was helpful! It should be completed before you know it & you'll forget all about it when the time comes to move into your brand new home.

@TyWilde 2 жыл бұрын

BTW, best of luck & please let me know if you have any questions.

@lovelymorris4474 2 жыл бұрын

@@TyWilde thank you, it has been a lonnnng process, meanwhile the lots have increased all around us, so that’s one positive 👏🏽👏🏽

@TyWilde 2 жыл бұрын

@@lovelymorris4474 Oh yeah, you've built a ton of equity & you haven't even started making house payments.

@lenaheart8103 2 жыл бұрын

I totally empathize with u. We signed Oct 2020 & are finally having our walkthrough next week & will be closing the end of December. Longest journey ever! Good luck to you. Hope your home is completed soon 🎊.

@davidtoney9933 2 жыл бұрын

New to your channel as a subscriber .. going to check out more of your videos .. My wife and I are in the process of building a new home this year. Your tips and advice are a great resource ... however, I find it hard to take you seriously with those white sunglasses .. #JMHO

@TyWilde 2 жыл бұрын

Thanks for watching & for sharing your thoughts on my sunglasses. I sincerely appreciate it. That being said, they are kind of a trademark at this point so, it kind of is what it is.

@davidtoney9933 2 жыл бұрын

@@TyWilde LOL .. I feel you!!! ☺

@TyWilde 2 жыл бұрын

@@davidtoney9933 Thanks my brother.

@kerrywatson6669 Жыл бұрын

Did you ever create a guide to home maintenance? You said you were going to in a different video for new home construction.

@TyWilde Жыл бұрын

That is an excellent question. I totally spaced that I was going to do that. I'm going to look into that & see if it makes sense to do. Thanks for watching.

@reneriverajr4239 2 жыл бұрын

Great Video Ty! I also purchased a new construction home. I wanted to ask for Pre Drywall inspection, would you recommend I get my own inspector as well as having the city inspector from the builders or should I just stick with the builders inspector and not hire my own inspector?

@TyWilde 2 жыл бұрын

Having an inspection done has to be a personal decision. I've built 5 times & never had one done, but I know some people who were very grateful they got one done. If it's a trusted home builder you probably don't need an outside inspector.

@reneriverajr4239 2 жыл бұрын

@@TyWilde Awesome, sounds great! Thanks

@TyWilde 2 жыл бұрын

@@reneriverajr4239 You're welcome. Best of luck.

@chadmatthew3289 Жыл бұрын

What if builder does not complete all the items on the walkthrough list by the closing day? Also what if builder will not repair something on the list because they say it is within city standards?

@TyWilde Жыл бұрын

These are excellent questions. Thanks for asking. If you have a Realtor, have them reach out to the builder. If you're on your own, I would write a detailed email asking your agent to confirm it has been seen by the superintendent, the sales manager & the division president or CEO. Clearly define what has not been completed & why you expect these items to be be done correctly. I would explain that it wouldn't be right to insist that you close on the property with the incomplete items. Then I would insist on meeting with the Sales manager in person along with the superintendent & sale rep if they are unable to meet these requests. Unfortunately, most builders will not "fix" items where they believe the work is acceptable. You will have a tough time getting the builder to do these items. Best of luck & please let me know how it turns out.

@maggies625 2 жыл бұрын

What’s the procedure if paying in cash? (Cash coming from sale of existing home and savings). How much does builder want for deposit? Washington State.

@TyWilde 2 жыл бұрын

Excellent question. Thanks for asking. The deposits will vary significantly from one location to another & from builder to builder. Usually the more expensive the home the higher the deposit. Some builders may only ask for $5,000 while other builders are asking $20k or more. Also, it's normal that the more upgrades you add the higher the deposit will be. Did that answer your question?

@DayTradeEssentials 11 ай бұрын

Does the lender require proof of income before closing on newly constructed home? Or just when the agreement was signed before the construction began? Thanks!

@TyWilde 11 ай бұрын

Excellent question. Most likely they'll want to see it again before closing.

@bcaiqs 2 жыл бұрын

Ty , I’m scheduled to close 5 weeks , I drove by the home at night and there were rodents running in and out of the garage which does not have a door yet . The door from the garage to the kitchen was closed only a few days ago . I feel the house is infested, I know I will not be able to rest comfortably once I move . Can I back out ? What do I do ?. It was traumatizing. What do I do ? Please

@TyWilde 2 жыл бұрын

I am sorry to hear about the rodents. Yes, it’s disgusting, but I would bet it’s going to be OK. Often, homes are built in locations where creatures like spiders, scorpions and mice have called home for centuries. As more homes are built, the creatures move on as their habitat is destroyed. Because home prices have increased so significantly, I would at least close on the house and then if you are still having problems with the rodents, sell. Before you move in, you could should hire a rodent specialist to take care of the problem and make sure the house is cleared out. And then, I would get a couple of indoor cats. Seriously! Too bad you don’t live in Utah, I have an incredible option That would actually make you a lot of money off at home.

@yshukifernandez1591 2 жыл бұрын

What about a USDA loan, no money down.. does that include closing? Can we pick our lot outside of the builders communities that are USDA approved? Is there down payments at the design center? Or is it all added to the loan ?

@yshukifernandez1591 2 жыл бұрын

I’m in indiana

@TyWilde 2 жыл бұрын

Thanks for watching & for your questions. As far as USDA, you need to speak to a local lender about how that all works. Most builders will not build outside of the community they are building in but a custom builder would build on a random homesite. Most builders do require a deposit at time of contract & then a design center deposit as well. So you will need money for that. Usually, you can get all of the deposits back at closing. Just confirm with the builder & lender. If you don't have the money, maybe a family member would loan it to you if they know they will get it all back. If I didn't answer your questions correctly please don't hesitate to ask again. And, I would recommend reaching out to some local brokerages to see if they have a Realtor with new home construction experience to guide you through the process.

@Kay-df8em Жыл бұрын

How about prepaid interest if closing on the 6th of the month because the builder screwed you from closing at the end of the previous month. Lender mentioned prepaid interest for the month or maybe reverting back to the end of the previous month. Which option do you think is better? I'm not sure I understand prepaid interest at closing. Uggghhh... this process.

@TyWilde Жыл бұрын

Unfortunately, that stuff happens all of the time. I would ask the lender what the best options are.

@cerious_6ix 2 жыл бұрын

change playback speed to 1.25

@TyWilde 2 жыл бұрын

LOL. You could put this comment on 95% of all videos on KZfaq.

@wiser1254 2 жыл бұрын

Signed my contract on March 31, and have been approved for mortgage. It is now July 20, and construction has not started, nor have I been informed when it will begin.

@TyWilde 2 жыл бұрын

Yeah, that has been frustrating. I would definitely reach out to the builder to see if they have an estimated start date. Best of luck to you my friend.

@norahrodriguez6897 2 жыл бұрын

We signed contract on January, foundation was done on June. Now they said there's a delay on the frame. Still waiting, hopefully before December 🙏

@TyWilde 2 жыл бұрын

@@norahrodriguez6897 I would expect your home to be done before the end of the year, but in this market, you never know. Best of luck.

@wiser1254 2 жыл бұрын

@@norahrodriguez6897 Patience is key here. I will be so excited to be in my new home no matter how long it takes.

@TyWilde Жыл бұрын

@@wiser1254 Over a year later I'm just seeing this comment. Is your home done? Was it worth it?

@Jg80s 2 жыл бұрын

Just signed my closing documents✍ this afternoon. How long does it usually take for funding to go through and record?

@TyWilde 2 жыл бұрын

Congratulations. This is an excellent question. Every city is different & each bank works at their own speed. Usually, it takes less than 24 hrs. If you close in the morning, it will often fund & record on the same day. Best of luck to you. Where did you buy a home?

@Jg80s 2 жыл бұрын

@@TyWilde I purchased my home in Washington state. Really blessed to be moving into a brand new home. Thank you for the response.

@TyWilde 2 жыл бұрын

@@Jg80s Yes. That's awesome. I spent the summer in Bremerton with a friend. It's a beautiful place. You are very blessed. Hopefully I'll hear from you in the future.

@TyWilde 2 жыл бұрын

I can't believe I almost forgot to recommend this next video. This is a must watch before you move into your new home... kzfaq.info/get/bejne/oq1hl91msJ20d6s.html

@Kay-df8em Жыл бұрын

I got a closing date for 31st March. I didn't use the builders lender and feel I'm being penalized or feel I screwed myself in the process. All my ducks are in a row, but the builder/seller did not pass the inspection for the certificate of occupancy as yet. Now I'm screwed to pay an additional $88 per day to keep my rate lock or wait 30 days to re-lock. Should I have my realtor talk with the seller(since they are the reason for the delay) to get the 30 days extension or pay $88 dollars per day? I'm a little frustrated at this point spending extra money and just regretting the whole process.

@TyWilde Жыл бұрын

Thanks for reaching out. 100%, your real estate agent needs to go talk to the builder and get this taken care of. Best of luck and keep me posted please.

@Kay-df8em Жыл бұрын

@@TyWilde thank you. I've been told that new construction normally does not come with a refrigerator. So now, this $88 per day could have been money to put towards refrigerator, mailbox, re-staining the hand rails for the staircase or a garage opener (all of which I'm not getting).

@kingb468 Жыл бұрын

Can the make you close if repairs haven't been completed on a new build

@TyWilde Жыл бұрын

That is an excellent question. They can’t make you close but they can penalize you by charging you for each day that passes beyond the closing date that you still haven’t close. If you decide to close with items that still haven’t been completed make sure you put it in writing. And that the builder signs the document. Best of luck to you.

@kingb468 Жыл бұрын

@@TyWilde thank you so much

@TyWilde Жыл бұрын

@@kingb468 you are so welcome and once again, good luck.

@goyaliza 3 жыл бұрын

Hey Ty! So 2 questions: 1) how long does it take to register with the city? 2) is there a faster way to expedite the funds transfer process?

@TyWilde 2 жыл бұрын

Cities normally take a few hours but sometime a day or two. As far as expediting funds, a lot of people will set up the wire transfer the day before so the funds are already there especially if you're using 2 different title companies.

@Yaya-cl3tu 2 жыл бұрын

Under new construction lady here, and I had no clue that I would not be receiving my keys at closing! Blank stare. Say it aint so!

@TyWilde 2 жыл бұрын

That's the truth with most builders but some may give keys at closing. Thanks for watching & for your comment.

@alexfornos1791 2 жыл бұрын

I wired the money to a title company I’m working with that is required to close. Is there any instances where closing costs may be more the day of closing if I already signed the closing disclosure?

@TyWilde 2 жыл бұрын

Not normally. But if there is a change it’s usually minimal.

@msbg8385 Жыл бұрын

should you have a real estate attorney for new construction transactions?

@TyWilde Жыл бұрын

This is an excellent question. Thank you so much for asking. In some states you might need one, not in Utah. You should be fine hiring a Realtor, especially if they have new home construction experience. That being said, if you feel nervous, you should do it. That attorney fee could pay some serious dividends if things go wrong. That being said, if you choose to build with a high rated builder you should be fine. Where are you looking to build?

@msbg8385 Жыл бұрын

@@TyWilde Schererville, IN :)

@TyWilde Жыл бұрын

@@msbg8385 Nice. I've never been there. Best of luck & please let me know if you have any other questions.

@msbg8385 Жыл бұрын

@@TyWilde thanks your videos are awesome and very helpful

@TyWilde Жыл бұрын

Thanks a bunch. I really appreciate you.

@t.n.6442 Жыл бұрын

hi Ty..need your input. my new construction house will not be done until may or june of 2023..the paper work said it closing date is jan which I know is not correct as it should close 30 to 45 days when my home is complete. but I have a question..what if the market totally crash, will I have pay the price of the house that I signed for also what if interst rate hikes up. what will my interst rate be? the new construction realtor told me I can ask for house to be lower if the market crashes, but it's up to the builder if they are willing to lower the price. and my interest rate is already locked at the time I applied for the loan of at 5.7%. oh and I asked the realtor if I get laid off what happens to my house. she said i have to submit the proof of layoff. my overall concern is if it doesnt go through as i plan will the builder keep my deposit? help. thank you

@t.n.6442 Жыл бұрын

btw I'm a ig fan of yours been, subscribed to you as well and following you since I started to look into new constructions.

@TyWilde Жыл бұрын

Thanks for watching & subscribing. You'll be disappointed to know that builders all over the US are keeping peoples deposits who cancel because they no longer qualify for the home. Unfortunately builder contracts are written to protect the builder & not the buyer. Home prices will come down & it's highly likely your house will be worth less than what you agreed to pay when the time to close finally rolls around. It's a tough situation for sure. I wish I had better advice. Please keep me up to date on how everything goes.

@t.n.6442 Жыл бұрын

@@TyWilde sighhhh that's what I thought.. I'll think on the bright side my home will be done and its brand new... but I'd it drops like 100k I'm willing to lose the deposit I guess. Thxs for your update.. you are amazing to watch and learn from.

@TyWilde Жыл бұрын

@@t.n.6442 Thanks. I don't think the market is going to crash, but it's going to hurt.

@t.n.6442 Жыл бұрын

@@TyWilde its hurting now that you are telling me that haha jk. Well I live in the bay area but where I'm moving it's about 1hr away so that's what I'm willing to give up for a nice home. Dont get me wrong but I love the bay area sad to see my future not in the bay again give and take :-) and :-(

@Mohamed510 2 жыл бұрын

Hello sir, i am one of your subscribers and love love your videos. I really really need your advice and help with our construction situation please. We signed a contract with a building company in January 2022 and they told us it will take approximately 6 to 7 months to build our house , they said the only delay will be they have to wait on the permit , so in april we received an email from them that they got the permit and they will start on our house in 2 to 3 weeks since then now we are July they keep telling us the same thing . When we call them they said we will start next week or when they email us same story we will start next week. What should i do i am mad and disappointed in the company i don't even want to deal with them anymore. I wish i could talk to you to give you more details or email you please 🙏 i need your advise. Thank you.

@TyWilde 2 жыл бұрын

I am so sorry to hear about your situation. It's more common than you'd think, especially over the last few years. In most situations, the builder is anxious to start building & complete the home as well because they don't get paid until the house closes. Are they still building homes in the community?

@Mohamed510 2 жыл бұрын

@@TyWilde thank you very much sir, Yes they are currently building in that area, last time we contacted them they said their are some peoples before us and they are short of workers so that really made me upset because it's their responsibility to get workers as a company, and we already deposited $10000.00 , so my question is if we want to back off on contract because it's luck of responsibility from their side do we still loose our money????

@TyWilde 2 жыл бұрын

@@Mohamed510 Yes, most likely you'd lose your money if you backed out. Though, you could ask them if they'd return the money. I'm pretty sure they will not. Most likely you're stuck.

@Mohamed510 2 жыл бұрын

@@TyWilde alright , thanks a lot sir for taking your time and answering my questions.God bless you.

@TyWilde 2 жыл бұрын

@@Mohamed510 You're Welcome. Good luck!

@charlestaylor6079 3 жыл бұрын

Pulls out notepad!!!!!

@TyWilde 3 жыл бұрын

Where are you building a home?

@charlestaylor6079 3 жыл бұрын

@@TyWilde Clarksville, TN with Reda Home Builders. (In Reda Estates).

@TyWilde 3 жыл бұрын

@@charlestaylor6079 Nice. Congratulations. Please let me know if you have any questions.

@veritaxverity8567 Жыл бұрын

I thought builders got paid from your construction loan draws. How do builders not get paid until closing? Are they using a development loan to build your house / cash ?

@TyWilde Жыл бұрын

That is an excellent question. Smaller builders do get paid that way. But, most builders cover all costs to build and my development and etc. then get paid when you close on the home.

@veritaxverity8567 Жыл бұрын

@@TyWilde makes sense ! and I’m assuming that purchase & sales agreement price is the same as the builder contract quote price ?

@TyWilde Жыл бұрын

@@veritaxverity8567 yes

@kennethbarton5129 Жыл бұрын

👍👍🏻👍🏿👍🏽👍🏾👍🏼👍🏻👍🏻👍🏿👍🏽👍🏾👍🏼👍👍🏻👍🏿👍🏽

@TyWilde Жыл бұрын

That's right!!

@aeroserge 2 жыл бұрын

My builder increase the price by 10 % 2 months before closing day …

@TyWilde 2 жыл бұрын

I am so sorry, that sucks big time! The labor & materials shortage has increased the cost to build in significantly, a lot of builders have been doing this. I don’t think it’s right, but unfortunately they do have the ability to do it. Who was your builder?

@TyWilde 2 жыл бұрын

@aeroserge 2 жыл бұрын

@@TyWilde Sunset Builder ... Henry de Varona and the MAnager is josepth M Cook the construction is the condos in sunset Utah. Falcon Hill Development

@aeroserge 2 жыл бұрын

also the preferred lender don't answer any calls anymore you can't have only 2 lending people for 400 people asking for lending.

@TyWilde 2 жыл бұрын

@@aeroserge Yeah, you don’t have to use the preferred lender. I would definitely get a quote from one or two other lenders in the area. Best of luck to you. Where are you building?

@jvolstad 7 ай бұрын

Hire an independent home inspector.

@TyWilde 7 ай бұрын

That's never a bad idea.

@kimberHD45 2 жыл бұрын

Thanks for the informative video, heads up on your video lighting choices though, the lighting make it look like you rubbed dirt on your neck and chin

@TyWilde 2 жыл бұрын

Thanks for the feedback. I’m often filming on the fly which sometimes equals not so ideal sound or lighting. Hopefully the information was good.

@RJ-cv2uw 2 жыл бұрын

WAIT A MINUTE, hold your horses for a sec. Overall I'm putting 20% down on this 399K new construction. Already gave them a little over 39K. So you're telling, if I'm unable to close, I Lose ALL that money?????????? I mean, I read the contract, sort of, BUT not ALL OF THAT MONEY. No, NO NO NO. Spent years wearing 1 pair of shoe to save money. That's some scary ish.

@TyWilde 2 жыл бұрын

Maybe I didn't explain it very well. When you build a home, most builders require an earnest money deposit & a construction deposit. Earnest money is normally $3k-$10,000. After selections are made the builder will then require an options of construction deposit as well. This will vary based upon the cost of the upgrades you added. So, you're looking at an additonal $0 (if you add nothing) up to $50,000 (though this is rare). These total #'s can vary significantly from builder to builder & buyer to buyer based on selections made so make sure you have a solid understanding from the builder of what is required before you sign a contract. I recommend hiring a local realtor who has worked with home builders before, some one like me.