From Contract to Closing: Timeline of Buying a Normandy Homes Home
Buying a home is a significant milestone, and purchasing a new construction home from a reputable builder like Normandy Homes can make the process smoother and more enjoyable. Understanding the timeline from contract to closing can help you prepare for each step and ensure a successful home-buying experience. Here’s a comprehensive guide to the timeline of buying a Normandy Homes home.
1. Initial Research and Pre-Approval (2-4 Weeks)
Step 1: Research and Visit Communities Start by researching Normandy Homes communities and visiting model homes to get a feel for the available floor plans and amenities. Narrow down your choices based on your preferences and budget.
Step 2: Get Pre-Approved for a Mortgage Before signing a contract, it’s crucial to get pre-approved for a mortgage. This involves submitting financial documents to your lender, who will then determine how much you can borrow. A pre-approval letter strengthens your offer and helps streamline the buying process.
2. Selecting Your Home and Signing the Contract (1-2 Weeks)
Step 3: Choose Your Home and Customize Once you’ve selected the community and floor plan, work with a Normandy Homes sales consultant to customize your home. This may include selecting finishes, upgrades, and any additional features you want.
Step 4: Sign the Purchase Agreement After finalizing your selections, you’ll sign a purchase agreement. This contract outlines the terms of the sale, including the purchase price, construction timeline, and any contingencies.
3. Home Construction Phase (4-6 Months)
Step 5: Home Construction Begins Normandy Homes will begin construction on your new home. During this phase, you’ll have opportunities to visit the site and see the progress. The builder will also schedule key milestones, such as the pre-drywall inspection, where you can review the structure and systems before the walls are closed.
Step 6: Regular Updates and Communication Throughout the construction process, your Normandy Homes representative will provide regular updates and address any questions or concerns you may have. This ensures you stay informed and involved every step of the way.
4. Pre-Closing Activities (1-2 Months)
Step 7: Final Inspections and Walkthroughs As your home nears completion, you’ll participate in final inspections and walkthroughs. The pre-closing walkthrough allows you to identify any issues that need to be addressed before closing. Normandy Homes will make any necessary repairs or adjustments to ensure your home is move-in ready.
Step 8: Secure Financing and Insurance During this period, finalize your mortgage details with your lender and secure homeowners insurance. Your lender will require proof of insurance before closing can occur.
5. Closing Day and Move-In (1-2 Weeks)
Step 9: Closing Day Closing day is when the final paperwork is signed, and ownership of the home is transferred to you. This typically takes place at a title company or attorney’s office. Be prepared to bring necessary identification and funds for closing costs.
Step 10: Move-In and Enjoy Your New Home Once closing is complete, you’ll receive the keys to your new Normandy home. Now, you can move in and start enjoying your new space.
Tips for a Smooth Home Buying Process
Stay Organized: Keep all documents, contracts, and communications in one place for easy reference.
Communicate Regularly: Maintain open communication with your Normandy Homes representative and lender to stay updated on the progress and address any concerns promptly.
Prepare Financially: Ensure you have sufficient funds for down payment, closing costs, and any additional expenses that may arise during the process.
By understanding the timeline and steps involved in buying a Normandy Homes home, you can navigate the process with confidence and ease. From initial research to moving in, each phase is designed to provide you with a seamless and enjoyable home-buying experience.
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Please call us at 469-269-6541 for more details about HistoryMaker Homes and available homes!
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