By Tyler McArthur
Owner of Vesta Homes
Lehi, Utah is clearly one of the hottest communities in the state right now and families from all over the country are flocking to snatch up homes there. As someone that lived in Lehi for over a year and a half, I can verify that they hype is definitely well-deserved. It’s a wonderful place to live for a lot of different reasons. What are they?
By Jeff Gomez
Before you look at model homes, meet with sales agents, or even browse online, it is important to know whether you are ready for the financial commitment of building a home. There are three periods during the building process that will ultimately end up costing you a significant chunk of change. The first is your earnest money to lock up the lot, and to show that you are serious about building. The second is the construction deposit. This usually comes after the design process and before construction begins. The final large transactions will be at closing and are called the down payment and closing costs.
Once they’ve chosen a builder, many prospective buyers are advised to use a lender for their mortgage that the builder has pre-selected. Often there are certain incentives that go along with using a builder’s preferred lender.
So why do builders have preferred lenders? Some think this is just a chummy relationship that the builder gets a kickback on. The reality is that builders have learned from hard experiences that some lenders really are better to work with than others.
At Vesta Homes we call our preferred lenders “Expert Lenders” and hopefully this helps explain why we prefer them. We don’t receive any benefit from our buyers using our Expert Lenders other than the peace of mind that comes with knowing that our buyers are in good hands and that the closing and home transfer process will be very painless and stress-free.
In our experience, Expert Lenders...
How long does it take to build a house with a builder?
When considering building a presold home, many people have the question, “How long does it take to build a house?” or “How long does it take to build with a builder?” These are great questions. We’ll try to be as upfront and honest about it as possible, so buyers considering building with a homebuilder know exactly what to expect.
Hello! Welcome to our first blog post! We have a lot of ideas in store, but would love to hear from you too. Sound off in the comments on what you want to see in upcoming blog posts. Here's a sneak preview of what's to come:
Any of these sound good to you? Let us know in the comments and we'll prioritize whatever you want to learn about!