Essex Step-By-Step Approach

Essex "Step-By-Step" Approach

1

Determine Where You Want To Live

Where does Essex build?

  • Speak with an Essex Sales Representative about the many Essex communities across Erie and Niagara counties, or discuss the possibility of building on your own lot.
    2

    Determine Affordability

    How much equity will you receive from your existing home?

    • Market analysis of your existing home.
    • Contingent on sale of existing home (see “Strategy for Contingent Sale” below).

    What type of mortgage program are you comfortable with?

    • Meet with an approved mortgage lender for pre-qualification for your end loan/mortgage approval.
      3

      Determine Timing & Place Your Lot On Hold

      When would you like to move into your new home?

      • Building your new home requires approximately 5-6 months which depends on the floor plan, size, etc.
      • Time to plan prior to construction
      • Construction begins upon release of all contingencies.
      • An initial deposit holds your lot.
        4

        Select A Floor Plan For Your New Home

        What are your needs and wants for your new home?

        • Discuss floor plans with an Essex Sales Representative with regards to size, rooms, styles, etc.
        • Review standard features, benefits and options with your Essex Sales Representative.
          5

          Finalize The Details Of Your New Home

          Does it meet your needs structurally and financially?

          • Discuss your modifications and pricing with your Essex Sales Representative along with any drawings, special needs, etc.
          • Decide on options being considered so that the agreement may be written.
            6

            Let's Proceed

            What is the next step?

            • Sign the agreement.
            • Release your new home to construction.

            Lot Hold, Custom Pricing & Deposit Structure

            • Your deposit reserves a home site for initial estimating purposes and entitles you to future custom pricing of your new Essex home, when pre-qualified.

            10% Deposit
            (Applied Toward Purchase Price)

            • Releases all contingencies (if applicable), the home is released for construction and the production process begins.
            • The purchasers will meet with our Production Dept. for a Plan Review to finalize their new home plans, which begins the permit process.
            • Selection process begins.
              7

              Strategy For Contingent Sale

              • Market analysis with recommended real estate professional.
              • Determine list price for future real estate listings with projected timing to sell.
              • Marketing plan to accomplish goals, including an aggressive sales strategy.
              • Sign contingent contract with Essex Homes locking in pricing for 60 days.

              *Above information is subject to change without notice. Please contact your Essex Sales Representative for the most up-to-date information, including specific details on deposit amounts and refund policies.

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