Wayne Homes Purchase Agreement

If you are interested in buying a new home, you may have heard about Wayne Homes. This Ohio-based homebuilder has been in business for over 40 years and prides themselves on creating personalized homes to fit their customers` unique needs and desires. If you are considering purchasing a home from Wayne Homes, it`s important to understand the purchase agreement.

The purchase agreement is a legal contract between the buyer and Wayne Homes. It outlines the terms and conditions of the transaction, including the price of the home, the closing date, and any contingencies or conditions that must be met before the sale can be completed.

One important aspect of the purchase agreement is the payment schedule. This outlines when and how much the buyer will pay throughout the construction process. Typically, the buyer will pay a deposit upfront, with additional payments due at various stages of construction. The final payment is due at closing, when the home is completed and ready for occupancy.

The purchase agreement also includes information about warranties and guarantees. Wayne Homes offers a 10-year structural warranty and a 1-year warranty on workmanship and materials. This provides peace of mind for buyers, knowing that their new home is built to last and any issues will be addressed by the company.

Another important aspect of the purchase agreement is the contingencies and conditions. These can include things like financing contingencies, where the sale is contingent on the buyer being able to secure financing, or inspection contingencies, where the sale is contingent on the home passing a home inspection.

Overall, the purchase agreement is an important document that outlines the terms and conditions of the home purchase. It`s important to carefully review and understand all aspects of the agreement before signing, to ensure that both parties are in agreement and the transaction goes smoothly. If you have any questions or concerns about the purchase agreement, be sure to consult with a real estate attorney or other qualified professional.