November 8, 2011
Did you know that buying a new home is a very simple process? You have one major choice to make before you begin the process: do you want to build your new home from the ground up or do you want to move into your new home in the next 30 days or less? If you want to move quickly, let’s say your home has sold or your lease is up, or you have just re-located, an inventory home is the best option for you. An inventory home is one that the builder chose to build knowing that it is a popular floor plan and anticipating that some people may need to move into their new home in 30 days or less. There are about five steps to buying a completed inventory home: -Gathering Your Paperwork Now this is the first step no matter what type of home you are buying. You will need to provide your lender with a copy of your last two year’s W2’s, the two most recent paycheck stubs, a copy of your driver’s license, a copy of your social security card and your most recent checking and savings account statements. Getting this paperwork together before you begin looking will streamline the process when you are ready to make your decision. -Loan Application Most Home Builders will have their list of preferred or in house lenders. At Antares we have a list of over six Lenders that we prefer to work with. These people have earned their place on our list by providing great customer service to our Home Buyers and to our Sales Consultants. They are Lenders we can depend on to answer our phone calls even on weekends and after hours and they take care of our Buyers. You can submit a loan application at any of our Model Homes any day of the week. You are also welcome to use your own Lender that has already pre-approved you. Getting this part out of the way early on in the process helps you to determine what price range you want to stay in. It can also help with planning a budget for after you close. Having a realistic plan for your lifestyle is very important. For example, if you love to travel, you may want to keep your mortgage payment way below the maximum you can qualify for. -Choose Your Home This is the fun part! Visiting our Model Homes, looking at our completed inventory and imagining where you’ll place your furniture! Not sure what exactly will be the best style home for you? No problem. Our Sales Consultants are very good listeners and they will ask you lots of questions to discover which home will best suit your needs. -Go to your Home Owner Orientation Meet with the Construction Manager and find out all about the unique construction of your New Home. You’ll learn more about Water Heaters, Grout, Foundations and Insulation than you every wanted! -Go to Closing Signing on the dotted line and getting the keys to your future! Congratulations! Have you decided you would like to pick all of the colors for your new home? Need a few months to save up your down payment? Want a floor plan that we don’t have as a completed inventory home? In love with that over sized Cul-De-Sac Home Site? Build! After the first two steps above, the next step is: -Choose Your Floor Plan and Home Site It can be overwhelming when we have so many different plans and locations to build. But don’t worry we are here to help! With plans ranging from three bedrooms to six bedrooms, we will have the perfect plan for you! -Visit the Selection Studio This is my favorite part! Since we don’t limit our Buyers to pre-selected packages, every home can be customized in many different ways. We will help you choose options that are beautiful and within any budget! -Watch Your Home Emerge! The construction process is very interesting if you ask me! A lot of our buyers will visit their home weekly to take pictures and observe their dreams taking form. You will meet with the Construction Manager during this time to get an overview of the construction process. He will also be able to answer any questions you have about how your home is being built. All of the Construction Managers at Antares Homes are Graduate Master Builders! Where else can you find that? -Save Your Down Payment Money Most of our buyers are using FHA loans. These loans require 3.5% of the mortgage value of the home as a down payment. A lot of people don’t have that amount sitting around and have to budget to save it. Since it takes us four months to build your new home, most of our buyers are able to save down payment money in that time period. We also have various Zero Down loans available for qualified buyers. If you want more information on those programs, please contact one of our Sales Offices. Our Sales Consultants will be able to tell you very quickly if you qualify for one of those programs. -Meet with the Construction Manager You will meet with your Construction Manager at least three times during the building process. He is a great educational resource for our buyers. Every wonder why we do what we do? He’ll be able to tell you! -Go to closing! The same last step: Signing on the dotted line and getting the keys to your future! Congratulations! Now Wasn’t That Easy?