About this Event
October 10th 11:00AM - 2:00PM
ONSITE: Silverton Mortgage Homeownership & Finance Education Center
175 Country Club Drive, Suite 400A, Stockbridge, GA 30281
Instructor: Terri Madden - National Director of Community Lending
Working with Buyers, New Construction and Financing
Home Buying Process - Education Your Buyers
Building, purchasing and financing new construction is usually more complicated and intimidating than buying a resale home. When buying new construction, the buyer is presented with lots of paperwork that spells out the builder’s obligations along with identifying details of components and features of customization designed by the buyer.
In general, builders’ model homes are staffed by trained new construction agents who work directly for and represent the builder. Today’s homebuyer should use a real estate practitioner to represent them and looks after their best interests. Get an overview of the steps for home construction and financing.
- The pre-construction processes
- Blueprints and plans and specs
- Multiple walk-throughs
- Factors that influence builder pricing
- What is builder-issued credits?
- What are standard finishes versus quality options?
- Earnest money and quality option deposit
- Model Home – What you see isn’t always what you get.
- What warranties are provided – What does it not cover?
- Various contract and financing details that you do not want to miss.
Not having a strategy, the right team, and the right education could cost you tens of thousands of dollars in the purchase process. The most important thing to remember when buying new construction is to be proactive. Buyers should ask lots of questions, read all documents, and test every system and appliance in the home.
Education Partners
Silverton Mortgage
3 Hour Live Onsite Class | Continuing Education | Professional Development Course
My CE Class, LLC - School #5914 Cathy McDaniel
[email protected] Text: 404-550-0775
Event Venue & Nearby Stays
Silverton Mortgage Homeownership and Financial Education Center, 175 Country Club Drive, Stockbridge, United States
USD 0.00
