Buying Your Home
At Northern Nevada Homes, we appreciate the magnitude of the decision you are about to make. If you choose to move forward with the purchase of a home at one of our fine communities, you can rest assured we will treat your new home as though it were our very own. We care deeply about our owner’s satisfaction, which is why our homes are built using the most modern building techniques, quality materials and top-notch craftsmanship.
We're thrilled you're interested in joining the Northern Nevada Homes family as an owner in one of our fine communities. If you choose to move forward, this is what you can expect in the months to come.
The Home Buying Process
Start Your Financing
In order to move forward with the purchase of a home at one of our communities, we first need to make sure you can qualify for the financing needed to complete your purchase. We require our future owners to be pre-qualified with a lender before we can enter into a written contract for the purchase of a home. You are free to use whichever lender you choose, however, we may require you to submit an application with one of our recommended lenders for purposes of verifying your ability to obtain needed financing. If you would like to hold a specific home site during your pre-qualification process, we will allow you to enter into a non-binding reservation agreement for up to two (2) weeks while you obtain your approval. You can apply for a loan online here.
Signing Your Contract
Congratulations! You're pre-qualified and ready to sign sales documents so we can begin work on your new home. When you sign your contract documents, you will be required to deposit $5,000 (five thousand) dollars. This is called an earnest money deposit. These funds will be applied to the final purchase price at close of escrow. If it important to realize that once you've signed your contract, you are legally obligated to purchase the home.
Within 21 days of signing your sales documents, you will need to supply final loan approval from your lender's underwriter stating that you are approved for your loan subject only to the appraisal of your new home. At this time, your financing contingency shall be waived.
Thirty Day Letter
Thirty days before your home is completed, you will receive a courtesy 30-Day Notice which establishes your target closing date. Because lenders cannot prepare documents without a Certificate of Occupancy (CO) being issued, the target date will be seven days after the CO is issued. This notice is for informational purposes only. We cannot guarantee a closing date, however, we will make every effort to conform to the dates listed in the notice.
Escrow Appointments and Closing
Once your documents arrive at escrow, the Escrow Officer will review the documents, determine the funds needed for closing and schedule your appointment to sign your loan documents.
Your Community Sales Representative will contact you to schedule your Home Orientation tour. The purpose of the Home Orientation is to explain the way your home works - the heating, electrical and mechanical systems, shut-off valve locations and the systems you have selected, as well as the customer service procedures. Any items requiring repair at the time of your Orientation will be addressed by our customer service department as soon as possible, but we cannot guarantee that all items noted will be complete prior to your closing date.
You will need to notify the various utility providers of your move so that service is provided in your home. We recommend you start this process at least one week prior to your target closing date. You can find contact information for the various utility companies on our website. We require utilities be transferred within 72 hours of closing.
After you have signed your loan documents and deposited the closing funds with Escrow, your Escrow Representative will return your loan documents to the lender for review and request "funding" - the process wherein the lender wires the proceeds from your loan to the Title Company. Once the funds from your loan are received at Title, the Title Officer will cause the Grant Deed to be recorded at the County Recorder's office. The home is now yours!
As soon as we receive confirmation that your home has been recorded, the Community Sales Representative will hand you the keys to your new home!
Your community representative will be available to assist you throughout this process.
Find A Lender - Apply Online
As important as it is to find the right HOME, it's equally important to find the right LOAN. We recommend the following lenders based on their proven track record of successful closings for our owners. You can click the links below to complete online applications, which will get you well on your way to getting pre-qualified so you can move forward with the purchase of your new home.