Buying New – Part 2
- Is the builder offering any special incentives? These could be on inventory homes, base price, options or financing?
- What kind of warranty does the builder offer?
- What is the earnest money deposit, is it refundable under any circumstances, who holds the deposit and is it used by the builder as money or funds to build the home?
- How much deposit is required for options and is that money refundable under any circumstances?
- What happens if the appraisal comes in lower than the contract price?
- How long will it take to complete the home and what does the contract say about delays in completion?
- What is builder’s policy on changes after the house is started and can you walk through the house while it is under construction?
- What is the service policy after you close on the property and who do you call if you have a problem?