Friday, April 24, 2015
Thursday, April 23, 2015
I can see a trend in some of the blogs about Ryan homes that people would ask and get told "no" and seemed to be bitter about it or would state, "someone else got it, why can't I?". As long as you are respectful and reasonable with your requests, then you should be able to get the things you want, as long as they are offered in your division.
You don't go to Burger King and ask for a Big Mac, so take the time to research Ryan Homes or any builder, before you choose to build with them. Find out what options they offer and what they can not offer. Not only will this make your home building process more fun and exciting, but it helps the next person out behind you by creating a positive experience with the builder, who might be more flexible in the future if customers acted appropriately.
We confirmed there are no upgrades for the faucets, bathroom or kitchen. Our selection sheet during our Pre-Construction meeting listed "upgrade1" for the faucets, so I thought I would ask as others homeowners have mentioned they were able to upgrade theirs. What was nice to find out is that the granite will have 3 holes for the faucet and will come standard with a sprayer and soap dispenser.
Ryan homes does not offer any different types of sinks. You get a standard 50/50 stainless steel sink that is mounted under the granite. Our SR said RH used to offer a 70/30 sink years ago, but few people got them so they stopped offering them.
Ryan homes does not offer beveled edges on the granite. Kinda sad about this as I would like something more than just a square edge.
Finally, one thing to keep in mind is that each RH community operates like their own business, per our SR. I told him that I saw other pictures online of homes with the beveled edges on the granite and he explained that some divisions may offer that and some do not. Unfortunately, my division does not offer that.
I'm pretty satisfied with that answer and it makes sense, when you think that the homes are built at a certain price and have a certain profit margin built in, the pressure is on the PM to make sure he comes at or under budget for the home. If everyone was allowed to deviate based on what they saw in a different state or community, then the home building process becomes less streamlined and the process takes longer to plan and build because are worried about why someone else got more outlets or more shiny door knobs.
Tuesday, April 21, 2015
The link is:
Has anyone been told about this and what exactly does it offer?
Thursday, April 16, 2015
Wednesday, April 15, 2015
The loan processor said it was the fastest approvals she had seen in a long time, not sure if anyone else has experienced some difficulties with this process but we will take what we can get. I will say that our credit was not an issue and our debt ratio was a little on the high side, but it was approved in their automated system so now all we have to do is write MORE LETTERS :(
Yes, even after receiving the loan approval, you will receive a checklist from underwriting on letters that need to be written to explain anything from non payroll deposits into your bank accounts to why your children's names are different on your tax returns (we are a blended family!).
The one thing I have experienced so far is that as long as you go with the flow and get done what is being asked of you, then the process take care of itself and everyone else you meet during the process is more likely to help you out if needed. I've read some blogs where people had to keep providing documents or trying to explain life circumstances that were bitter about it. I am not sure how that played out in the end, but you have to know that no one is out to get you or trip you up with buying the home. NVR and RH want your business, and if you've made it to this point, most likely they will help you make it to the closing table.
Our pre-construction meeting is tomorrow so that is another good milestone! I've bought new construction homes before so I am familiar with the process, but every builder is different. I talked with some friends locally who build homes and they recommended letting the builder do their thing. It does not matter if you have 100 things to go over or 10, they are going to build the house the same way they always have, and a buyer's input or questions is not going to change that process. The key thing is not to become "that customer" for the same reasons as stated above. I've had builders offer free upgrades or extra customizing before, within reason, if you just play the part of a nice customer. If there was an upgrade or an item that you wanted, but couldn't afford at the time (wainscoting, crown molding, and things along those lines), then by all means ask the project manager how much it would cost post build or see if could work something out during the build for a reduced or low cost option.
Please chime in with your experiences or things to ask about at this point in the build!!!
Friday, April 3, 2015
Well, after sending the same documents again and writing letters to explain this and that, our loan is in underwriting right now.
There was nothing unusual about my financials or credit, but because of federal laws aimed to prevent money being laundered through residential transactions by terrorists, certain things get scrutinized. Be prepared to write letters for any non payroll deposits into your accounts, this includes gifts from family or birthday money from grandparents. Silly right?
Also, if you take any type of loss on your taxes due to business or invest property transactions, be prepared to write a letter. Finally, if you move money around in your IRAs because your a savy investor or have taken a loan out in the past from your IRA, which I have not, you will need to write a letter explaining why that happened.
Most of it seems like common sense when you look at someone's loan packet, but dont be alarmed and work with your rep to get NVR what they need. I used to work in the mortgage industry and some of this seemed excessive to me. Just got to roll with it. Just remember that the more flexible and helpful you are during this process the more likely things will work out in your favor if issues come up later with the loan or build process.