New Construction Homes - DEPOSITS and How It Works

In this video, we're going to talk about new construction homes - DEPOSITS and how it works. We'll cover the process of buying a new home and the various types of deposits you may need to pay.

If you're interested in buying a new construction home, this video is for you. This information is essential if you're looking to purchase a new home!

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KAORI NAGAO
Las Vegas Lifestyle Specialist
Global Real Estate Advisor
Las Vegas Sotheby's International Realty
BS.0145932

LET'S CONNECT:

Let's connect to discuss your home buying strategy:
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ABOUT ME:

Originally from Yokohama, Japan, I am a wife, a mother of two daughters, and a mother of a mini-Golden doodle dog. I’m a passionate entrepreneur, and besides my career in the real estate industry, I own two local restaurants in Southern Highlands.

I attended an international school from an early age and moved to Southern California at the age of 18. I attended the University of California, Riverside and Los Angeles with a degree in Business Administration and Entrepreneurship.

Having lived in Las Vegas for the last 17 years, I am so familiar with the city of Las Vegas that
I call myself a Las Vegas lifestyle specialist.

I offer buying, selling and investing services in Las Vegas and Henderson, Nevada, USA.

My goal is to help you build wealth through real estate.

I’m focusing on family relocation to Las Vegas and investors looking to build wealth through real estate.

I am very excited to work for Sotheby’s, a global company with offices in 78 countries including Japan.

I want you to know that I can help you internationally, not just US real estate services.

#RealEstate #KaoriNagao

[KaoriLuxuryRealEstate]

Let's Connect:
→ Text [phone]

[jbs]

The neighborhood we are looking at the deposit is $3500 if we use their mortgage partner… Indy area

[addbball]

Thanks for all the good informational videos and for the shoutout. 😊

[bobo.]

EMD is usually pay upfront once signing the purchase agreement

[theleomendez]

Didn't know how Deposits worked for new builds thanks for sharing!

[gregheard]

It can be either. Quick additional question - if you buy an empty lot in Southern Highlands, how long do you have to begin building? Can you wait a year or so? Thank you!

[taneshasmith]

Wow, thank you so much for this information.

[lorgiagarcia]

Great video! Lot's of information given. Thanks!

[mytrung]

Earnest deposit is before. I just put my own earnest deposit down and in the midst of signing initial disclosures soon!

[kalani]

I purchased a non-spec home in Vegas last year. However, I was not able to choose the lot, the color of the home, nor decline some options the builder wanted to put in the home

[AllinwitAsh]

Hey, maybe i missed it, but where does the deposit go when adding options for ene construction? Does this go towards the down payment of the loan at closing

[kennychao]

Normally due after sign purchase agreement, but if multiple offer on the lot you can play before.

[duyent]

is the deposit separate from a 20% down payment?

[katemccall]

Any good semi custom home builders you know of in Reno NV?

[steveludwig]

The numbers you are talking about for NON "custom" homes are absolutely ridiculous and no buyer should ever consider paying that high a fee as "earnest money. As an example we are building a $450K house (including lot premium) in a new golf course community and our deposit was a total of $6750.