FAQ | American Classic Homes | New Homes in Seattle WA

Q

What opportunities will I have to participate as my new home is built?

A

A Buyer/Builder Meeting will occur approximately after the Purchase & Sale contract is at mutual acceptance. This meeting will last approximately 1-3 hours. We highly recommend friends and children do not attend this meeting, so that the Buyers can focus on the exciting details of their new home. The purpose of this meeting is to go through the following details:

• Review the floor plan that you purchased
• Explain the American Classic Homes' construction process
• Personalization of your home including selection of options and upgrades
• Answer any questions you may have

Approximately five days prior to the official move-in date, a Homeowner Orientation and Inspection Walk Through takes place. Our goal at this meeting is demonstrate how your home works and to help you understand the care and maintenance your home will need. It is our goal to provide you with a defect-free home and ensure there are no unpleasant surprises on your move-in day. This meeting is your opportunity to identify any cosmetic issues in your home that may need to be corrected before you take possession of your new home.

Q

Can you explain if and when we can add upgrades and options to our new home?

A

This will depend on how far along in the construction process the home that you have chosen is. There are several opportunities to choose upgrades and options for your new home.

• If you are purchasing a home that has not begun construction (pre-sale), you have the full set of selection options available.
• If the home already has the foundation poured, some options may still available.
• Upon initiation of drywall, no changes or buyer selections will be allowed. At this point, most of the basic materials and procedures used in the construction process are ordered. These items are scheduled well in advance to make the construction process efficient. This allows us to build you a home with the maximum value at the very best price.

Q

Am I allowed to visit my home during construction?

A

Yes, but you must schedule all visits in advance through your Real Estate Agent and our Listing Agent. Construction sites can be dirty and dangerous therefore, unsupervised visits are not available. Our Listing Agent will talk with your home's site supervisor to make sure the home is safe to visit. Your safety is very important to us. Please wear closed toe shoes and request a hard hat. Children are not allowed in our homes during construction.

Q

What is the time frame to build a home?

A

From the time lumber drops, it will take about 7-9 months (depending on the home complexity) until you receive the keys for your new home.

Q

Why use American Classic Homes preferred mortgage lenders?

A

Our Preferred Lenders typically have some of the best mortgage rates in the industry. We have carefully chosen mortgage brokers who are experts in new home construction and recognize every family has a different financial story. These Lenders are skilled at identifying the type of loan that works best for you. Even if you have already been prequalified by a lender, take the time to discuss your options with one of our preferred lenders. You will be pleasantly surprised at what they can offer you.

Q

What type of warranty does American Classic Homes provide?

A

American Classic Homes takes great pride in ensuring every homeowner is supported long after they move in. We have both a 60 day and 1 year Quality Assurance Visit to correct warranty items that may come up while you were living in your new home.

Q

Can you explain how the Options and Upgrades are paid for?

A

All Options and Upgrades selected must be paid directly to American Classic Homes in advance and is non-refundable. If the modifications may be added to the sales price, (because they will increase the appraisal for the additional amount) the deposit will be credited back to you at closing.

Q

What is an escrow company and what does it do?

A

An escrow company is a neutral third party that will hold documents, funds and instructions regarding your new home purchase. It will coordinate all business arrangements between American Classic Homes, you, the lender, county recorder and the title company. It collects and distributes funds, executes deeds and manages needed paperwork to facilitate the terms of your purchase agreement. Escrow is "opened" when a deposit is made, cashed and held in an escrow account. It marks your agreement to begin the loan approval process in good faith with the goal of closing escrow. To close escrow, all papers and money are deposited with the escrow agent within the agreed-upon time frame. Documents are recorded and all parties get the documents and money due to them.