financing

/Tag: financing

Construction Loan Financing: What is it?

By |2019-07-26T17:03:43-04:00July 26th, 2019|

In our professional opinion, one of the first steps to building a custom home on your land is to obtain financing.  We realize that applying for construction loan financing can be a stressful part of building a new home.  We also know that knowledge can help ease worries.  Because of this, we are here to [...]

What’s your REAL home building budget?

By |2019-07-19T13:13:56-04:00July 23rd, 2019|

When it comes to home building, we realize many people are cautious about sharing their top-price budget too soon.  Often, they have two budgets—the lower number they share with realtors, designers, & builders and the higher number they're actually able to spend.  So, an important question is, should you share your real budget with home [...]

The Cost to Build a House: The Builder’s Fee

By |2019-03-26T10:03:06-04:00March 20th, 2019|

Whether already built or going to build, when you purchase a brand-new, never-been-lived-in home, you will pay a builder's fee.  If the home is already built, the question about how much the builder will be paid is often not a concern.  This makes sense because the customer knows the price of the home, which is [...]

How to stay in budget when building a home

By |2019-03-14T13:14:16-04:00February 5th, 2019|

As you’ve shared your dream of building a custom home with friends and family, you’ve no doubt heard a horror story or two about going over budget.  Whether it’s $1,000 or $100,000, exceeding the specified amount the bank approved is not a good scenario.  In this case, either you have to come up with the [...]

How to Find the Right Lender

By |2019-02-28T14:43:52-04:00February 5th, 2019|

An important step on your home journey is to find the right lender.  If you plan to build a new home with a custom home builder, this process is different than purchasing an existing house with a realtor. Financing New Construction As already stated, financing new construction is quite different from simply getting a mortgage.  [...]

How to Find and Buy Land: Step 5 – Close on the Land

By |2019-02-28T15:38:09-04:00February 5th, 2019|

After all your hard work—finding and evaluating the property, plus negotiating the deal—it’s finally time to close on the land!  Well, almost… Step 5: Close on the Land Before you close on the land, there are several important steps that must take place.  They are as follows: Secure the actual land or construction loan, and [...]

How to Find and Buy Land: Step 4 – Negotiate Price

By |2019-02-28T15:45:02-04:00February 5th, 2019|

At this point, you've already secured financing, found property, and evaluated the land for its buildability.  Now, it’s time to negotiate price with the current land owner.  After purchasing land, you will want to build your dream home, and most likely, sooner than later.  So, be careful about spending too much and over-extending your finances [...]

How to Find and Buy Land: Step 1 – Obtain Financing

By |2019-02-28T16:15:20-04:00February 5th, 2019|

Step one to find and buy land for your dream home is to obtain financing.  It may seem obvious to state that you are going to need a way to pay for your land.  Many people, however, often think that they should find the land before worrying about how to obtain financing.  This, however, is [...]

How to Find and Buy Land for Your Dream Home

By |2019-02-28T16:22:19-04:00February 5th, 2019|

You’ve dreamed about finding the perfect piece of land, building your dream home, and creating an ideal lifestyle for you and your family.  You may have even driven around searching for property or scoured internet listings trying to find the right land for the right price.  So, how can you find and buy land in [...]