Buying Lot - howto?
Hello,
We are interested in some lots in Heron Cove. Of course, I'm interested to know your opinions about the Heron Cove subdivision but I also want to wrap my head around how it works to purchase a lot.
I would like to select a lot and then start building a house NEXT year (or possibly 2 years from now). Does it make sense to buy a lot now? Do I put a deposit down on the lot? What kind of down payment is required for purchasing land? Are there typical requirements on how soon I have to build?
Thanks!
PS: Just found out through Allentate's website that the lots likely have a build-within-24-months commitment.
Last edited by chunew; 03-19-2008 at 08:16 PM..
Reason: Updated info re: maximum lead times
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