Thursday, July 24, 2014

Almost underway

Well, we went from a standstill to what feels like an all out sprint. On Tuesday we found out that Ryan Homes would cover our closing costs in full. Excellent. Yesterday, we had our preconstruction meeting. Our PM seems like a really awesome guy. I went in with a list of questions that I found on blogs of other people who are building with Ryan Homes and after our PM talked for about 30 minutes, I realized he answered most of my questions.

Here are the questions I ultimately asked:

1. Can the plastic covering that you put on the floors be left on the floor so the floors are protected during my move in?

PM - no but he can give me plastic to cover the floors.

2. How many hose bibs and where are they located?

PM - two and one on each side.

3. Can you leave extra paint and carpet pieces?

PM - we will get a certificate so that we can order touch up paint. We will get extra carpet, tile and hardwood.

4. Do you provide a fire extinguisher?

PM - new code requires us to provide one. It will be located in the cabinet under the kitchen sink.

He gave us a short term timeframe. He's planning to have the lot cleared Friday and by next Friday the cement for the footings will be poured.

It seems like a distant memory that I was frantic and complaining about inaction. We're almost off and running.

Sunday, July 20, 2014

Finally ready to build?...

It's been a month since my last post and a lot has happened but also a lot has not happened. All our options have been finalized, building permits attained, and finally got a loan approval (NVR has been terrible at best).

Unfortunately, our great SR has quit and decided to become a buyer/seller agent. Happy for her but wish she would have been with us through the entire build. She was great with answering questions and giving us all the information we needed. With her departure, there was a stall in the process. We considered withdrawing from the contract and looking into resale again and I let our new SR know this. So, yesterday we met with the SR and it seems we're back on track. We have tentatively scheduled our preconstruction meeting for Wednesday July 23rd and ground breaking would be Monday July 28th. Somehow our expected closing is still late October although it slipped a week from October 20th to October 28th.

As a side, we've been negotiating our closing cost with RH and our SR is “confident" that they can provide $4,000 more in closing cost, but we will get the final answer Monday afternoon. When we signed the purchase agreement, they agreed to $8,000. With the extra money, all our closing cost would be paid and we'd only be responsible for the deposit. Obviously, it's unusual to be negotiating at this stage in the process, but in order for us to make this happen, we needed to increase our down payment, so to compensate for this we asked RH to help with more with closing.

This should be a fun week and I will hopefully be able to update this blog with some good news.