Thank you for your interest in Nicholas Homes.  Our sales offices are staffed with knowledgeable, trained and licensed professionals who can answer most questions you have about Nicholas Homes and the building process.  Our goal is to make sure that you are educated and informed on the entire process prior to making a decision to purchase, so that you can make the best decision for you and your family without any surprises along the way.  The steps to owning a brand new home are a lot simpler than you think.  Just follow the steps below and you will be in your dream home before you know it!

1.      Visit our sales models to view our homes and receive the most up to date information on floor plans, pricing and location availability.

2.      Identify the style of home you are most interested in within the community.  We may already have an “EXPRESS MOVE-IN CONDO” started under construction of that floor plan, which will meet your needs and is available with SPECIAL PRICING AND FINANCING OPTIONS.

3.      Check with the sales agent for updated unit availability and determine which unit locations are of most interest to you.  Each building and condo unit will have different completion schedules, depending on the stage of construction and occupancy for the individual building and condo unit.

4.      A $1,000 Reservation deposit will hold the condo of your choice and lock in pricing and offered incentives temporarily seven days.  At the time of deposit, our sales agent will execute a “Preliminary Reservation” agreement guaranteeing a temporary hold on the home site, giving you the exclusive opportunity to make an offer to purchase within seven days.  You will also receive an options and selections book for you to preview and a detailed standard features and options booklet to review.  Your $1,000 reservation deposit is fully refundable and no purchase agreement is signed at this time.

5.      During the seven days you should review the floor plan and included features to determine if any changes will be necessary to accommodate your needs or personal taste.  Also, completely review the standard features and options booklet and return it to your sales agent along with a list of any other questions you will need answered prior to making a final decision to purchase.  The sales agent can also show you around our color selection room so that you will be familiar with available colors and features.  Our sales agent will prepare a formal written price out of all requested options or changes and go over all questions with you prior to the expiration of your deposit.  Down payment amounts due during construction will also be discussed.  The total down payment requirements are flexible; we can work with most clients’ financial situations.  At the end of the seven day preliminary reservation, you will need to make a decision towards purchase or the hold on the lot will be released and your deposit will be refunded.

6.      Once a decision is made toward purchase, you will execute a formal Purchase Agreement and an additional deposit of $1,500 will become due upon signing of a purchase agreement, for a combined total deposit of $2,500.  This deposit will be considered part of your down payment requirement for your mortgage and deducted from total amounts due at the final closing.  Your contract and deposit will then be given to the Developer for review and acceptance.  Upon acceptance of the Purchase Agreement and signatures by the Developer, your deposit will then be cashed and placed in escrow with Philip Greco Title Company until your condo is completed and you are given occupancy. 

7.      A mortgage pre-approval letter is not necessary at the time of signing the Purchase Agreement.  You will be given 30 days after signing to finalize your lender selection and bring us a mortgage approval letter from the lender of your choosing.  If you are declined mortgage approval within the 30 days, your deposit may be refunded.  You will also be given 9 days after signing to review all condo documents and bylaws.  Your Purchase Agreement can be terminated with a refundable deposit with the 9 days if you are not satisfied with the contents of the condo documents.

8.      Not all decisions for the condo must be made upon signing of the Purchase Agreement, only the main decisions or changes, along with any other optional features you have firmly decided on, should be included in the Purchase Agreement.  Other items can still be added and included into a grand total upon completion of the new home to be included in your mortgage loan amount.  You will not pick out colors at the time of signing the Purchase Agreement.  Optional selections and colors will be finalized at the construction selection meeting scheduled for a later date.

9.      The sales representative will inform you when selections for optional or included items will need to be finalized.   All color selection samples are available to preview in our sales office at any time.  Since some selections may be limited based on the construction stage of your building, it is a good idea to go over this with the sales representative in advance.  Choices will be finalized at the time of the construction selection appointment.  This appointment may take 1-2 hours of time and color decisions should be thought of prior to this appointment.