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When purchasing a new lot, following a sales office's scheduling, you will sign the contract and provide an earnest deposit check, with the amount varying by Builder and often less for VA loans. This deposit is typically not based on purchase price but is a set amount required by the Builder. The contract package is reviewed with you, then sent to the Builder's corporate staff for execution, which may take a few days to a week and a half. Once signed, the house is allocated to you, ensuring it won't be sold to someone else. This moment is celebrated, often by taking a picture of the client in front of their lot.
