Monday, March 7, 2011

Step by Step

Well, since we accepted the counter offer, we took the check by yesterday (earnest money/good faith deposit that goes toward our money down). Today we are getting the last 3 documents to the lender rep, Rebecca. She is incredible!

We were told that we "should be" getting a call today or tomorrow to set up our appointments to chose our color schemes and with Guardian about our electrical. Now, I understand that their "should be's" just mean "hopefully". So I'm guessing by the end of the week we'll get the call. I can't believe that this part is here so fast!

As previously mentioned in another post, we have been pre-qualified for an FHA loan. Now we have to be pre-approved. With the final paperwork being faxed over today, I am hoping it won't take more than a week. But what do I know? I do know that they are eager to start building this neighborhood! And we are one of the first to come in since the re-opening.

(A little over two years ago the developer went bankrupt and the neighborhood was abandon with approx. 11 houses sold and 1 that sat empty for 2 years. Now a major bank owns the note and has picked up construction again.)

Our Ryan Rep, C. , told us as soon as Rebecca pre-approves us, the construction will start. Now we have been in contact with Rebecca since day 1 of the is whole process. We wanted to have our ducks in a row, so to speak, before we even pursued this route earnestly. She was very helpful!! She even suggested that we get some papers into her before we could submit our offer to begin with. So we did. So I'm guessing that they looked at all of it before countering and deciding to do this. I don't foresee any problems being pre-approved. We have been encouraged by the Rebecca this entire time.

I can't believe they want us to pick out stuff already!! How crazy is that? I'm guessing all we need to do right now is pick our outside color scheme and meet with guardian about the wiring. I'm guessing floors, lights, ect. will all be picked out later. Then again, I don't really know. lol

So, we move seem to be moving forward step by step. First the papers, then the meetings, then ...HOPEFULLY...ground breaking!


  1. Have had an absolute great experience through the whole thing. They broke ground on ours the first week of February and are a month ahead of schedule, even with the horrible weather. Looking to close on the 29th this month. Good luck to you.

  2. Good grief that's fast!! Congratulations!

  3. I don't know how it is in your area, but we had 2 weeks from the time we signed our purchase agreement to pick everything out. We had to have everything picked out before we even knew if we were approved! All of our upgrades, options, flooring, lighting, cabinets, etc. EVERYTHING! And if we wanted to make any changes after that 2 weeks, we would have to pay extra. So, just try to get as prepared as possible..that two weeks went really fast for us.

  4. It happens very very quickly. You will be asked to select EVERYTHING. Color schemes, flooring, tile, carpeting, fixtures, lighting, faucets, additional outlets, etc etc etc. Your best bet is to read as many blogs as possible especially the entries around making selections. You will get an idea of what you are walking into and you will get ideas on changes you might not even think of. From my blog you can find links to over 30 Ryan Homes blogs....most of them include an entry about their selections. Here is a link to my blog

    Don't let mine scare you. We are building a fairly large house and have done a bunch of upgrades, but you can still get an idea of what you will walk into....example, most people don't upgrade carpeting too much, but we had 8 different levels to select from and within each there were probably a dozen colors/textures to select from.