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New Homes in Broken Arrow | Understanding the Process
Speaker 1: (00:01)
Now that we’ve, we’ve gone on the model home tour, we’ve seen numerous homes, we’ve chosen our floor plan. We are pre-approved with our financing. We understand the incentives with the financing. We have a home site reserved and pulled out of inventory and we’ve actually gone to the price out. And we know exactly at this point in time, what our new homes in broken arrow will, will cost because we have a down to the dollar price out. Now, uh, during this time we can move forward to the purchase agreement. And at the time of purchase, a number of things happened. First of all, you will watch a one hour video, uh, hosted by one of our sales directors at Shaw homes who will take you through a, an informative time of answering questions that we probably already realized that you’re asking at this time about your new homes in broken arrow .
Speaker 1: (01:27)
And if not, then we’ll certainly continue to answer questions along the way, but you’ll watch this one hour informative video, and then we’re going to have you make two decisions at this meeting. Number one is we’ll need to, for you to decide on the structural options. In other words, you need to, your, you need to decide upon which floor plan you desire that has to be finalized during this meeting. And then number two, the actual home site selection has to be finalized here as well. So you have a particular floor plan. You’ve reserved your home site, where you want to build your new homes in broken arrow . We need to know that these decisions are solid and they’re final your everything else about the home, the colors and the finishes that does not need to be decided upon just yet. The third thing that we do during purchase agreement, not only will you watch a one hour video and make decisions on the structural options and the home site selection.
Speaker 1: (02:40)
Third thing that we’ll do is we’ll have you put down the additional deposit that’s due at this time. So if your home, your new homes in broken arrow is less than $250,000. Your total deposit is $5,000. If you’ve already given a thousand dollars toward the Homesite reservation, we will keep that $1,000 and have you pay the remainder the difference between the 5,000 that’s due and the 1000 that’s already been given, leaving a total deposit of $4,000 due at that time, that’s for a new home in broken arrow under $250,000. Now, if your new home in broken arrow is 250 to $300,000, the total deposit due is $10,000. If your new home in broken arrow is between 300,000 and 315,000, then the total deposit due is, is $15,000. And if the, your new home in broken arrow is priced above $315,000 or $350,000, excuse me, $350,000. Then the total deposit due is 5% for your new home in broken arrow. So up to $250,000 total amount due is 5,000 between two 50 and 300 is 10,000, between 303 50 is 15,000 and then 350,000. And above is 5% that additional deposit is due at the time of purchase agreement. If there are any contingencies that need to be made during this time, we will also, we will also draw up agreements, uh, surrounding a contingency for instance, the sale of your home, so that you can move forward and purchase this home.
Speaker 1: (05:07)
So these are the first five steps and, uh, in the pathway to your new homes in broken arrow , Oklahoma, step number six, step number six, you’re going to have your own personal design consultant help walking through the process of picking out all the colors, colors, and finishes for your new homes in broken arrow . This is going to be a series of meetings that you will be required to attend with. No children allowed in the studio because of the, the amount of decisions being made. We require that no children attend these meetings as, uh, because there are a number of decisions being made, and we want to keep distractions down to a minimum. And so these three meetings will include the meetings regarding all the interior decisions of your home, all of the exterior decisions within your home. And then lastly, once you have decided on these, these, these decisions, and then your heart, your, your, your final in your heart, you’re going to sign off on all the decisions that you’ve made within, uh, the design studio at this time. There are in fact, no structural changes that can be made. As I said earlier, you’ll be working with, um, award-winning designers. We do have the largest design studio in the Tulsa area.
Speaker 1: (07:03)
And because our design studio has the most well appointed features and optional upgrades in the Tulsa area, you’ll, uh, you’ll need to, to, to, you won’t need to go to other places to make these decisions. The design studio will actually be your one-stop shop for both visualizing and selecting all of your color palette, all of your finishes. You will not have the hassle of driving to 20 different trade warehouses all over the area. And when you’re finished, w choosing your colors and all your selections are finalized, that’s the time at which you will sign off on all the choices that you’ve made. It’s a ton of fun. There’s a ton of options. It’s a very simple process. And that step number six, the design studio step number seven is actually the plan review. And so all of the selections and decisions are now finalist time to review your plan, where you get to meet your construction manager, who’s going to be working directly with you.
Speaker 1: (08:23)
Remember, you’re going to have a team of experts taking you through the whole process and working directly with you to the completion of your new homes in broken arrow . The plan review is, is our internal system of checks and balances to make sure that the person responsible for actually building the home has all the details of your home correctly, relayed to them to ensure a smooth building process. They will go over the full-size blueprints, all of the specifications and finishes as well as the site plan and the home placement during this meeting that you’ll discuss timelines and weekly updates and a, your homeowner orientation, you will discuss the grading of your land. And when this meeting is completed, then excavation actually is scheduled and it’s time to get started. So once the construction starts, you’re about five to seven months away from actually moving into your new home in broken arrow.
Speaker 1: (09:48)
But we’re, we’re still at step number eight. And during step number eight, during this building process, you’ll have two scheduled meetings, uh, with you. And the first is called the pre drywall meeting. And during the pre drywall meeting, you’re going to get to see the guts of the home before everything gets covered, covered up, uh, with the drywall. In other words, everything within the home is still going to be exposed. And it’ll give you opportunity to go through the HVHC, the electrical, the plumbing, the gas lines, and so on. So that if there are any things that need to be tweaked, adjusted, or changed, it’s something that can be done a whole lot easier without the dry wall up on the wall. Then after it’s already up, then of course, your second meeting is where you get a room by room walkthrough of your new homes in broken arrow with your construction manager, where they will help you to understand how everything in your new home work step number nine is where everything moves to closing.
Speaker 1: (11:02)
You’re going to be notified 30 days prior to your closing, you’ll receive an email and a closing letter with a, a lot of helpful information and instructions. You’ll have the contact information for utility companies, uh, that you’ll need to contact in order to get your service turned on. You’ll also have your, uh, uh, information and instructions as to a meeting at the title company office. All of the paperwork from Shaw homes will already be there. When you arrive at the closing, an agent of the title company will walk you through the paperwork and we’ll give you the keys to your new homes in broken arrow wants to this. All the signatures are in fact completed. Step number 10 is quite easy. We have Tulsa’s best homeowner warranty. So your new home in broken arrow is going to be warrantied by the best warranty available. We have a 10 year structural, a two year mechanical and a one-year, everything else warranty.
Speaker 1: (12:12)
You you’ll have, uh, the opportunity to have, excuse me, an emergency phone number. If you ever need emergency service at your new home in broken arrow, you, if you need answers or help during non-business hours, if for whatever reason you never contact us about warranty items and your, your new home and broken arrow, we will, uh, contact you. You’ll be, you’ll have a receive a phone call from our warranty coordinator who will, uh, meet with you at the 60 day timeframe. And again, at 11 months after your closing to see if you have any needs that need to be, uh, updated, repaired, fixed adjusted, or what have you, your warranty, it’s important to know this, that your warranty does not begin until the closing of your new home. It does not begin once you, once you sign the purchase agreement, it actually begins once you have closed on your new home. So that is the process to your new homes in broken arrow.
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