Acquiring Your New Home - A Rewarding Experience. The journey of
purchasing a new home can be a very rewarding experience if you
understand the process and know what to expect. We strive to make
this a very positive experience by working with you through the
entire process to make sure you get exactly what you desire. The
simple steps below take you through the process so you know what you
will need to do, as well as what we will do.
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STEP 1: LOT AND PLAN SELECTION
Come tour our models and carefully review all the floor plans
available. Consider both your current and future needs for
space, function, location and of course, entertainment. Next,
consider the available lot choices for your floor plan, and your
view preference. One of our Sales Associates will explain the
site map and the different view orientations available to make
sure you select just the right location for your new home.
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STEP 2: PURCHASE AGREEMENT
Your decision to buy one of our homes is confirmed by a
Purchase Agreement. Prior to your purchase, you will receive
your Homeowner Orientation Book, a reference guide that includes
copies of important documents you will need to be familiar with.
These documents include the Covenants, Conditions and
Restrictions (CC&R's), the Articles of Incorporation, the Bylaws
and the Public Report issued by the Arizona Department of Real
Estate. When executing your Purchase Agreement, you will sign a
receipt stating that you have read and understand these
documents. Of course, our Sales Associates are available to
answer any questions you may have on any of these documents. An
initial Earnest Money Deposit of ten percent will be required
when you sign the Purchase Agreement.
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STEP 3: LENDER PRE -APPROVAL
You will now need to contact your lender and secure their
approval and commitment that they will fund the mortgage amount
required under your Purchase Agreement on the closing date. If
you don't have a lender, Odyssey will be glad to provide you a
list of companies that could assist you in this matter. In
either event, you will need to provide confirmation to Odyssey
as provided under your Purchase Agreement that you are satisfied
with all conditions to your decision to purchase, including
financing.
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STEP 4: OPTIONS SELECTIONS
If you desire to add features from our list of available
options to your selected plan, you will have an opportunity to
meet with our in-house accredited Interior Designer and
Selections Coordinator to select your options. These
specially-trained designers will help you make selections
regarding available carpet, tile, cabinet, countertop, appliance
and lighting options, as well as any offered custom finishes, to
help you reflect your personality in your new home. You will
have 30 days from the date the Purchase Agreement is signed to
make these selections.
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STEP 5: FINAL DEPOSIT AND TIME SCHEDULES
The final step in completing your Purchase Agreement is to pay
the balance of your deposit. This additional deposit will be 50%
of all standard options and 100% of all custom options. At this
point, your Purchase Agreement with Odyssey Homes to purchase
your new home is complete with the payment of the additional
deposit money. It is then our turn to schedule the start of
construction and ensure that we deliver a quality new home to
you ... when expected.
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STEP 6: PRE -CONSTRUCTION MEETING
Prior to starting construction, you will be invited to a
meeting to review your floor plan and options with the Odyssey
Construction Superintendent and the other members of the Odyssey
team. You will be asked to "sign-off" and confirm the final
plan, assuring that everyone understands the special features
and options you've chosen for your home.
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STEP 7: CONSTRUCTION OF HOME
Construction will then commence. It usually takes
approximately 12 months for completion of a home, but timeframes
may vary based on the home selected, trade availability,
material delivery, and then-existing construction schedules.
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STEP 8: WALK THROUGH
At the end of construction and prior to closing, you will be
invited to walk through your new home with our Construction
Superintendent to make sure everything meets with your
satisfaction. Any minor items would be noted and Odyssey Homes
will undertake any needed repairs as quickly as possible,
generally within 30 days of your closing.
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STEP 9: CLOSING
This is the final step in your home acquisition experience.
The title company will assist you in all your closing needs and
will provide you with all the necessary documents; such as
obtaining condominium insurance, title transfer, etc. Once the
balance of the purchase price has been deposited with them, they
will transfer your home to you and insure title for both you and
any lender.
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STEP 10: MOVE -IN AND START MAKING MEMORIES!
Odyssey wants you to have the smoothest move-in possible. To
ensure this, Odyssey will co-ordinate your move-in date with any
construction nearby to allow you easy access to your home, with
no construction related impediments. Once you are in, Odyssey
would be happy to assist in coordinating any needed repairs to
your home resulting from the move. Understandably, these costs
would be to your account.
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