McKee Homes Buyer Process

The McKee Homes new home buying process is divided into two categories:

• Prebuilt Homes: new homes in Fayetteville, Fort Bragg, and surrounding areas that are finished and currently on the market for sale.
• Pre-sale Homes: pre-sale agreements allow the buyer to pick which lot and floor plan they want as well as make upgrade and interior/exterior finish options before the house is built.

Initial Steps

1. Pre-qualifying – your lender can evaluate your loan application and credit report and provide you with a pre-qualification letter that you can share with your real estate agent as you search for your property. If you haven’t chosen a lender yet, McKee Homes can recommend our preferred lender.
2. Realtor Contracts – If you have a buyer’s agent you will have already signed initial contracts with the realtor such as Working with Real Estate Agents and Buyers Agency Agreement. If you are contacting McKee Homes, or one of our sales agents, without a buyer’s agent, our sales agent will provide the necessary contracts for dual agency and will represent the buyer and the seller.

Prebuilt Home Buying Process

1. Offer to Purchase contract is signed by buyer and seller with agreed upon price, terms and conditions, and specified closing date. Once the OTP is signed, inspection and due diligence time periods begin. Due diligence and earnest money submitted with contract.
2. Due Diligence Period and buyer agent inspections,if any, are conducted. Any issues that need to be addressed before closing and the owner takes possession of the house are given to McKee Homes.
3. Start Loan Process with Lender
   1. Your loan officer will help you choose a loan product, and will lock-in the current interest rate for that particular product.
   2. Your lender will provide you with certain disclosures about your loan, such as the good faith estimate and the truth in lending disclosure, and other forms for you to review and sign.
   3. Should you decide to proceed with your mortgage financing, you will sign forms authorizing your mortgage lender to verify your information such as employment, account balances, rental payment history, and other credit references.
   4. You will pay for your credit report and property appraisal.
4. Finalize loan process
   1. Your lender will verify the information on your application, including your current and previous employment, income, bank accounts, rental payment history and other credit references.
   2. A mortgage loan coordinator will be assigned to assist with the processing of your loan and will be your main contact during this phase.
   3. Your credit report and appraisal will be ordered, and the verification request forms will be sent. It may take some time for your lender to receive these completed items.
   4. You may be requested to provide documentation not collected at application.
   5. You will be notified in writing of the final decision on your loan. During this time, you should choose the settlement agent or attorney who will handle your loan closing. You should also make arrangements to obtain your homeowner’s hazard insurance policy.
5. Final Walkthrough with buyer, realtor and contractor should be scheduled for the day before closing to ensure that the home is ready for buyer move-in.
6. Closing
   1. Prior to closing, your settlement agent or attorney will notify you of the amount of money/funds you will need to bring to closing; you will need to bring these funds in the form of a cashier’s or certified check (personal checks are not acceptable).
   2. Closing usually takes place in the office of the settlement agent or attorney, where they will review and explain all of the closing documents before you sign them.
   3. Upon closing, you will receive copies of the closing documents and the keys to your new home – Congratulations, you’re a homeowner!
7. Move in can occur as soon as the attorney records the deed.
8. Pre-Sale Home Buying Process
9. Choose Lot and Floor Plan with your agent and a McKee Homes representative.
10. Offer to Purchase (OTP) contract is signed by buyer and seller with agreed upon price, terms and conditions, and specified closing date. Once the OTP is signed, inspection and due diligence time periods begin. Due diligence and earnest money submitted with contract.
11. Start Loan Process with Lender
    1. Your loan officer will help you choose a loan product, and will lock-in the current interest rate for that particular product.
    2. Your lender will provide you with certain disclosures about your loan, such as the good faith estimate and the truth in lending disclosure, and other forms for you to review and sign.
    3. Should you decide to proceed with your mortgage financing, you will sign forms authorizing your mortgage lender to verify your information such as employment, account balances, rental payment history, and other credit references
    4. You will pay for your credit report and property appraisal.
12. Turnover Meeting with contractor to review floor plan, upgrades, and options.
13. Selection Process of exterior and interior finishes.
14. Permits for the home constructionare taken out by McKee Homes.
15. Due Diligence or preconstruction period.
16. Home Construction Begins.
17. Pre-drywall Walkthrough and Inspection with buyer and McKee Homes representative.
18.  Finish Walkthrough with buyer and McKee Homes representative.
19.  Final Inspection by local building department.
20.  Punch List of any work that needs to be done before closing is submitted to McKee Homes.
21.  Finalize Loan Process
    1. Your lender will verify the information on your application, including your current and previous employment, income, bank accounts, rental payment history and other credit references.
    2. A mortgage loan coordinator will be assigned to assist with the processing of your loan and will be your main contact during this phase.
    3. Your credit report and appraisal will be ordered, and the verification request forms will be sent. It may take some time for your lender to receive these completed items.
    4. You may be requested to provide documentation not collected at application.
    5. You will be notified in writing of the final decision on your loan. During this time, you should choose the settlement agent or attorney who will handle your loan closing. You should also make arrangements to obtain your homeowner’s hazard insurance policy.
22.  Final walkthrough with buyer, realtor and contractor should be scheduled for the day before closing to ensure that the home is ready for buyer move-in.
23.  Closing
    1. Prior to closing, your settlement agent or attorney will notify you of the amount of money/funds you will need to bring to closing; you will need to bring these funds in the form of a cashier’s or certified check (personal checks are not acceptable).
    2. Closing usually takes place in the office of the settlement agent or attorney, where they will review and explain all of the closing documents before you sign them.
    3. Upon closing, you will receive copies of the closing documents and the keys to your new home – Congratulations, you’re a homeowner!
24.  Move in can occur as soon as the attorney records the deed.

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