Asked by JMH, Texas • Wed May 22, 2013
We have been approved by our bank to build a home and have found a builder. The builder said they are waiting for their bank to appraise the plans and specs for their interim financing so they can start. We signed the construction agreement April 1st ... almost 60 days ago! How long should something like this typically take? They have built this exact home before as it is their model that we looked at ... wouldn't it be based on that same job's appraisal? Just feel like we've sat on 2 months of valuable time. Is waiting 60-75 days normal from signing contract to breaking ground?
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