Hi Zak, thank you for your tips and advises. To the future homeowners, please make sure to contact and create accounts with the utility companies for water, sewer, electricity, internet and others such as security and surveillance systems. Make sure to notify them when is your closing date to have them switch services from the developer to the new owners.
You said it perfect at the beginning of the video! They told us we would close before Christmas around 12/15, and then they pushed it back. I WAS excited to put up our tree for our kids until that happened. 😅 Thank you for the info :)
Oh no. 😮. So sorry it happens a lot especially as we get close to the end of the year. hopefully you get to close before Christmas. Where did you build and what builder did you pick?
Wonderufl I am so glad it was helpful. Building is such a fun process. While I dont work in SC I do have team mates that cover that area. If you need an agent to help you with the process let me know and I will get you connected to some one that is great in the area.
@@zakschmidt-DallasTXrealestate Zak, I just watched another one of your videos on maximizing incentive money. Wow. You are good at what you do ! We are already working with a real estate agent in South Carolina. I think he knows what he’s doing, but I’m a very detail-oriented person so I’d rather KNOW for myself what he’s talking about when we get to that point in his representation of us. That’s where your videos come into play. Thanks again for producing these videos !
@@zakschmidt-DallasTXrealestate thanks, went with Altura. They’re a local builder doing 1 acres sites in the area we were looking to buy. We were looking for preowned but couldn’t beat the incentives they were offering and their homes are beautiful.
@@espsixstrings Interesting. not saying its totally a bad thing just would ask why and make sure you get it inspeced and they have your best interest in this
Wish we found you prior to building in FW! you have been the greatest person for information. We are set to close in a couple of months, thanks for the info ! Do you know how many more times credit is pulled at closing ?
Congrats, wishing you the best of luck on your new home. I would say it would probably be pulled at least one more time. Most likely within 30-45 days of closing to make sure that everything is veriffied and nothing has changed on your end.
Or it could be a month and a half EARLY like ours is... projected close Oct 18 but we're closing on August 30th. So make sure you have everything lined up just in case!
Oh no. Your not the only one right now. I have several clients that builders are ahead on. They say supplies and materials have finally gotten easier to get which is what is pushing that right now in N. texas. Def creates a little chaos though. Out of curiosity which builder did you pick and Why?
I'm on the opposite end of the spectrum they moved up the date by 2 months which was a shock and we had to get out of that contract. We aren't ready for the house 2 months early smh and it wasn't a small house either 3,300sq house.
I think it can be helpful. A lot of that depends on your level of comfort and truthfully the builder. I’ve had clients do it at foundation pour, pre dry wall, blue tape and 11 months in the home. And any combination of those. So it just comes down to what do you feel comfortable with and how much do you trust the builder? I would say for sure for sure do it before you close on the home and I would consider doing one at about the nine or 10 months mark once you’ve lived in the home so that you can get everything in for your one year warranty
Also, I would say those inspections usually run between 400 and 700 per inspection. Sometimes an inspector will give you a deal if it’s a package but I would say to me it’s worth that money for the peace of mind to protect the multi hundred thousand dollar investment here about to make.
I’m buying a Lennar home in the last phase. It’s in Orange County, so weather doesn’t usually cause delays. They were framing even before they released those models for sale. I wonder if I will close on time. Do those experience closing delays too??
I just closed on my Tripointe home in Riverside County on 7/8/24. Original closing was 7/31/24 at purchase contract. I think it really depends on the area and which stage the home is when you go into contract. My home was already framed prior to going into contract. Wishing you the best on this journey!
I thought you had to decide whether you were using the builders lender within 15 days of signing the contract. This video states you can shop your own lender within 45-60 days of closing. What is true? Does it depend on the builder? Thanks!
Depends on the builder and their lender. Also depends on inventory vs build. If you are buying inventory and it will close quicker that decision has to be made sooner, but if you are building you can take longer throughout the process. Had a client last year switch on a build job when we were 45 days from closing but started with the builders lender. Hope that helps
What about they don’t allow independent inspectors before first walk through, how can I address the issue to builder when I first walk from my inspector’ report
Depends on your situation and your lender. I would talk to the lender and make sure you have a clear game plan of what makes the most sense. Its counter intuitive but sometimes paying off debts can actually lower your credit score so we dont want that. And if piling cash make sure its piling in a bank account the lender is aware of, Not in literal piles of cash 💰😀. So its very situation specific. Hope that helps
Homeowners insurance isn’t needed until about 30’days before closing. You’ll be required to have that in place before we can get to the closing table but not until that point.
What if I buy a new construction inventory home and get a private inspector to come out and there is a major flaw with the structure. Will they fix it?
Potentially. Depends on how severe the issue is and the builder. I have seen it go both ways. If something significant comes up with the structure that is why they give you that long extended warranty.
Attorney? No. Texas is a title company close state. You will close with the builders title company. You can have an attorney review docs if you want but doesn’t usually happen. Title will take care of all you need. And of course make sure you have your favorite realtor 😃😃
My house was initially scheduled to be completed by the end of April. However, Lennar later changed the closing date to the end of February ( this month ). I had already made plans, prepared work notes, and arranged for shipping my car and purchasing plane tickets, as I am moving from the West Coast to the East Coast. Due to Lennar's change in schedule, I won't be able to attend the walkthrough orientation in person, but the agent has offered to assist me through FaceTime. I have a question regarding the blue tape thing during the walkthrough. I have already booked the final home inspection, which will take place after the home orientation. Unfortunately, I am unable to take a day off or fly there at all. Lennar's change has disrupted my plans and timing. However, I still need to move by the end of April. I would greatly appreciate any advice you can provide.
Man, that is a hard situation to be in. Them moving you up 2 whole months is kinda crazy. My advice would be to see if you can send someone you know or trust to do the blue tape walk through to at least get their eyes on it. Also if you can you want that inspection to happen before that so you have the report to give to the builder at the time of the walk. So things can be noted to be fixed. Make sure if you are not there that you insist on a final walk through before closing. Take your time and make sure its all the way its supposed to be. I wish I was more helpful than that I just hate thats the situation they put you in!
I had a house I went into contract on Sep 29th 2023 and it was supposed to be completed by January 18th or before. It ended up being delayed 4 times and now they said March but I am sure it will keep getting pushed back because they are having issues with the city. I am trying to get my earnest deposit back, any tips?
Ouch. Best of luck. Unfortunately those contracts are written for their benefit not yours, which means there are penalties if you cant close but nothing for them on their side. I would just be persistent with the sales staff. Dont be a jerk but be firm. Or go in and ask for additional closing credits if you still want the home. What caused such a delay?
@@zakschmidt-DallasTXrealestate they don’t give me the real reason, but what they say is that they are having a hard time getting the city to approve the utilities to be connected. My lease ran over and I was on a tight spot so I end up buying from a builder that had a much better deal and quick move in.
Closing costs are like loan fees, taxes, document fees, recording fees. They are money that is paid at closing on top of your down payment for the loan. Often times in a new construction deal those can be offset by the builder, meaning you have less money to bring to the table out of pocket to close on your loan.
