buying a home in new costruction,how much payment can a builder ask?
Isit a usual practice for the builder in New Jersey to ask the buyer to put down 10% of home value,once the sales agreement is signed before the delivery date which is somewhere in the end of the year.
Answers (1)
FIRST ANSWER
Sounds about right. Most builders require 10% down to start construction. You may also pay in advance for any upgrades that you may want. It depneds upon the builder, but , yes. 10% upon contract is common.
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