Purchasing Your Land

One of the most important hurdles in a construction-to-permanent loan is securing the land in a timely manner. This is especially true in high-demand areas where prices are increasing. It takes expert cooperation and communication. Issues with closing the land are the most common reason projects fail to complete. If you utilize experienced professional services and participate in a timely manner, most difficulties can be worked out.
We will assist everyone involved in determining and meeting an appropriate time line. For a construction-to permanent loan, it is best to secure an escrow time of no less than 60 days…anything less is difficult, under the best of circumstances. You do not need to have your Building Permit.
You will need a full set of plans, completely engineered and stamped … to your particular parcel of land and accepted by the building jurisdiction for Plan Check to close the loan. We provide a Regulatory Disclosure Checklist early on in the process.

You have a certain amount of time, without penalty or loss of deposit, to research the land, review or get soils testing, site visits and reviews by local professionals and do your due diligence. Use that time well and do not hesitate to cancel the transaction if all does not go well…or ask for more time.

Ready 2 Build Homes has professionals to assist you and back up your efforts at every level so you may proceed with confidence.

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