Price Lock-In Deposit Terms

Price Lock-In Deposit (PLI Deposit) Terms (via CatalogOfHomes.com)

-Price lock-in will be at the price advertised on the manufacturer’s website (not CatalogOfHomes.com) at the date and time the PLI Deposit is made.
– Includes a Buyer Readiness consultation (Zoom)
– Secures any additional incentives available at time PLI Deposit is made
– 100% of the non-refundable PLI Deposit will be applied to the final installment of the home purchase amount for any model within the same manufacturer’s product line including custom options where available
– Price lock-in valid for 60 days
– Price lock-in extendable to 180 days upon placement of 2 nd deposit in accordance with the manufacturer’s deposit schedule
– Deposit secures prioritized queuing on manufacturer’s production line

1st Deposit Terms (via Escrow.com)

– The 1st deposit on each home will be in an amount to be prescribed by the manufacturer based on the homebuyer’s selected model and options.
– 1st deposits will be made via Escrow.com and funds are 100% refundable minus escrow fees (paid by homebuyer) upon written request of the homebuyer for any reason at any
time prior to entering a contract of purchase and sale with the manufacturer.
– 2nd Deposit made within 60 days of 1st Deposit will extend price lock-in to 180 days from the date the 1st Deposit was made
– After 180 days, 2nd deposit minus escrow fees will automatically be returned to the homebuyer if they have not entered into a contract of purchase and sale with the manufacturer within 180 days of the first deposit being placed. Extensions may be granted by mutual written consent of the homebuyer and the manufacturer.

Well-Qualified Buyer Incentives

– To be eligible for incentives offered, buyers must complete a Buyer Readiness Consultation (45-minute Zoom session included with 1st Deposit)
– Incentives are automatically transferable to any model within each manufacturer’s product
– Limited quantities available
– Incentives are subject to change without notice
– An incentive is not considered reserved/secured in the buyer’s name until the buyer has placed a PLI Deposit on the home.

Price & Exchange Rate

Prices for manufacturers outside the USA are subject to change based on currency fluctuations.

If the home manufacturer is located outside the USA and does not publish a price list in USD, your home purchase base price prior to any upgrades you select will be based on a price lock-in of the manufacturer’s advertised price in their home currency converted to USD at the rate quoted by xe.com at the date and time your 1st deposit is placed.

Forecasting Model

Housing construction costs (materials, labor, etc.) have been increasing faster than the rate of inflation. With a 10-year housing boom forecast to rebalance the housing market, significant housing price increases are expected. Our proprietary forecasting model factors a combination of overarching market conditions and manufacturer-specific data points tracked by the analyst team at COH Home Advisors.

One Final Step to Secure Price Lock-In

Your Buyer Readiness Consultation is included with your 1st deposit. Complete this 45-minute Zoom meeting within 7 days of placing your 1st deposit to maintain your eligibility for price lock-in and any Buyer Incentives available.

Continue to Place Deposit

What’s Included

While you’re busy doing your due diligence, market forces are working against your economic interests. The home you want is likely to continue increasing in price by thousands of dollars with the next price hike as soon as tomorrow.

If you’re just kicking tires, there is no urgency.

But if you’re serious about ordering your new home, the most important investment you can make is to lock-in today’s price now by placing your 1^st deposit.

Your 1^st Deposit includes:

Manufacturer Price Lock-in: Your 1^st deposit locks in today’s price for 60 days saving you $5,000 to $50,000+ over imminent price increases that can occur overnight as the cost of building materials and labor continue to skyrocket. While you’re finalizing your order with the manufacturer, you can extend your price lock-in to 180 days by placing your 2^nd deposit with Escrow.com
Transferability Guarantee: Your 1^st deposit is fully transferable to any other model from the same manufacturer and to any other manufacturer listed in the ‘With Incentives’ categories on CatalogOfHomes.com
Site Visit & Photography: If you’re within the manufacturer’s local service area, a manufacturer rep will visit the site to photograph and assess. Otherwise, we’ll send a professional real estate photographer (up to USD $350 – for remote locations, additional charges may apply and will be passed along to the homebuyer at cost).
Feasibility Analysis by Manufacturer: The manufacturer will review the data and images collected on the site visit and offer a preliminary feasibility analysis. 90% – 95% of sites are workable, but your 1^st deposit is a great investment towards determining if yours is one of the few that isn’t. The analysis includes both the feasibility of the delivery route to the site (and crane swing range, if applicable) and site suitability (terrain, grade, site servicing, etc.)
Exclusive Upgrades: As a manufacturer-certified new home broker, COH Home Advisors Inc. reallocates a portion of every brokerage commission towards home upgrades of your choice which may include: finish upgrades, climate control, home automation, and home security
Priority Sequenced Build: COH Home Advisors Inc. homebuyers get priority queuing on manufacturer production lines to get you into your new home faster
Priority Consulting: Whether you use your own contractor or one from our referral network, your contractor’s queries and requests will be placed on the highest priority level with the manufacturer’s customer service, design, and build teams.
Buyer Readiness Consultation: Your Buyer Readiness Consultation is a 45 minute Zoom consultation included with your first deposit where we will proactively identify any elements that have the potential to slow down the installation of your new home, and make referrals to remove obstacles.
Certified Site Prep Contractor Referrals: If you haven’t already selected a local contractor for site preparation, we can provide referrals to certified professionals upon request.
Specialist Financing Referrals: If you haven’t already arranged financing for your new home, we can provide referrals to specialist lenders and brokers upon request.

Alert Terms

Price Change Alerts Terms:
– Price change alerts may be based on either of the following: a) scheduled price increases from manufacturers that share this information with COH Home Advisors Inc.,

b) price changes post-occurrence after a manufacturer changes published prices on their website

– This is not a real-time service.

– COH Home Advisors staff scan and update prices approximately once per month, and publish web updates + email alerts accordingly..

Incentive Alerts Terms: 
– Exclusive buyer incentives (for home upgrades) are available on homes from manufacturers that participate in COH Home Advisors’ Buyer Readiness Program (“BRP”)

– If the manufacturer selected by the homebuyer joins our BRP program, the alerts subscriber will receive an alert

– BRP alerts subscribers consent to receive incentive alerts from COH Home Advisors for incentives on homes in the same category.

Modscape

Model: Somers

Price Change History & Forecast

Price Lock-In Eligibility

Description

Details

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