A Purchase Agreement is the first step to buying a new David Weekley home. Our Sales Consultants will prepare the agreement, and once all parties involved sign it, construction can begin!
David Weekley Homes is one of the few builders that will begin construction of a buyer's new home while their existing home is for sale. Each community has a limited number of contingencies that may be allowed at a given time. Homebuyers that purchase a home contingent on the sale of their existing home are required to list that home with a Real Estate Agent and it must be placed on MLS.
In order to accept a contingency, your Client must be prepared to furnish a copy of the listing agreement. Typically, contingency agreements are taken only on to-be-built sales and give the Homebuyer until the drywall stage of the new home to sell their existing home.
We ask for your help in making sure that the home is listed at a marketable price that will allow it to sell within a 30-day timeframe.
The amount of earnest money required for a Purchase Agreement is determined at a community level. Simply check with the Sales Consultant to find out the appropriate amount.
Typically, the options deposit required on Custom Choices™, the Homebuyer's selected options and upgrades, is 20 percent at the time of selection. This is different for Homebuyer Change Requests where we require 100 percent at the time of selection. You can check with the Sales Consultant to confirm the specific policy on making deposits so you can prepare your Clients.