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When purchasing a new construction home, once you secure the lot you wanted, the sales office will schedule a contract signing where you'll need to bring an earnest deposit check. The deposit amount varies by builder and could be less if using a VA loan. The contract package is prepared and reviewed in the sales office before being sent to the builder's corporate staff for final execution. This process can take a few days up to a week and a half. Once the contract is signed, the house is allocated to you, ensuring it won't be taken by someone else. It's an exciting day and a photo in front of the lot is a common celebration.