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.
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.
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.
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.
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 1st deposit.
Your 1st Deposit includes:
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.
