The realtor wanted to meet everyone at the builder's site in the afternoon but I didn't want to wait that long. Then, we found out our builder POC has the next two days off. She did get back with me to let us know that since it's a corner lot we can face either street North-West or North. One other thing the realtor told us about was that this particular builder will put 1% of our base cost towards closing charges. They have an additional incentive today to add another 2% off the base cost of the house.
I told her we could wait to meet in a few days but I want to secure the lot today. She confirmed that we could do that. So, I drove home to pick up the wife and kid and we drove over to see the lot. I had Fiona get out and put a compass on it to be sure she was happy with the direction.
Everything worked out. We drove around the corner and placed a deposit to hold the corner plat that we like so much.
While we were there, we were given their preferred lender contact details. When I got back to work, I called this new lender for instructions and did the online application.
So, that plat is being held for us. I'm going to try to get at very least a pre-qualification letter from this new lender so that we'll be ready should we decide to get a contract down.
Now let me talk about this fat plat. I'm calling it that because the lots in the same area and same price are skinny. I used two methods for measuring the difference. The first was Zillow and I don't know how reliable it is. They claim our plat is 155% larger when compared to the surrounding plats. I did my own measurements from satellite photos and some geometry. I cam up with 187% larger when compared to the surrounding plats.
In either case, the extra space and it being a corner lot will make this plat very desirable in decades to come.
I am eager to see what rate this new lender can get for us, because the first lender seems to be high for our situation when compared to the average market rate.
No comments:
Post a Comment