Closing on a New Home Purchased from a Builder
Whether you are a first-time home buyer or a new home buyer in the current market, dealing with the loan portion of your new home adventure can and will be a challenge. However, there is one significant difference when you decide to purchase a new home vs. a previously owned home – a team of people to get you through the process. When working with one of our qualified, St. Tammany Parish builders at Bedico Creek Preserve, you receive the benefit of being able to get information directly from the “horse’s mouth” when finding out deadlines for closing, financial terms for closing, and the estimated value of your home. Bedico Creek has been selling new homes consistently over the past 3 years despite market conditions. The development of our subdivision has been a carefully implemented plan that is designed to increase home values for our residents while practicing “smart growth” and conservation. Because Bedico Creek is a Conservation Community, typically, a buyer in our neighborhood can expect to find very little surprise when it comes to being able to submit an appraisal of their new home to their lender.
Getting an accurate appraisal is just the start of being able to obtain a mortgage. Your Bedico Creek Builder should be extremely helpful in either guiding you through the other steps of the loan process or referring you to lender or title services that will help you every step of the way. If you found our master planned community by using a Realtor, then you have a second resource of information and help that can assist you with any questions you may have about down payments, earnest money, interest rates, and closing costs. Finally, if you really get in a bind, Bedico Creek has an onsite sales office where our buyers and visitors can ask any questions they feel necessary to help them through the home buying process. Our goal is provide excellent customer service by providing information about lot values, homeowner association rules, design guidelines, and community restrictions which will help you make decisions about the type of home you would like to buy or build.
Choosing to purchase a new home in a new home subdivision like Bedico Creek Preserve offers the benefit of being able to work with a team of people who can help you actually get your home from foundation to closing with as little hassle as possible. Once you are headed to your real estate closing, you may want to read up on what will be expected of you and your lender during the loan application and closing process. You can access that information here. You should learn or refresh your knowledge of common real estate terms such as appraisal fee, attorney’s fees, credit report, earnest money, escrow fees and accounts, loan origination fee, loan discount (points), property survey fee, recording fee, state and local transfer taxes, settlement costs between buyer and seller, title search and insurance. You can learn more about these terms by visiting here. Before you actually go to your closing, make sure you request a copy of your Settlement Statement or HUD 1 to review your loan amount and closing costs before you sign on the dotted line.
Our builders, Realtor partners, and sales staff at Bedico Creek Preserve’s new home sales office is here to help you in any way that we can, so if you run into a problem or question you can’t solve or answer, don’t hesitate to reach out to our experienced real estate professionals for assistance. For More Information, Call 875-845-4200 or E-mail Info@LiveBedico.com.
