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Once you're offered the chance to buy a lot in new construction, the sales office will schedule a visit for you to sign the contract. At this time, you're required to bring a check for the earnest deposit, which varies based on the builder and is generally lower for VA loans. The deposit isn't determined by the purchase price but by the builder's set amount. After you sign, the contract package is prepared and sent to the builder's corporate staff for final execution, which may take a few days to a week and a half. Once the contract is signed, the house is officially allocated to you, ensuring it's reserved and not available to others. This moment is often celebrated with a photo in front of the lot.