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Old 03-19-2008, 07:54 PM
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Join Date: Mar 2008
9 posts, read 7,752 times
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chunew is on a distinguished road
Default 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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