If you are renting, ask your landlord about going month to month near the end of your lease, so a late closing does not leave you without a home.
If your rate lock will run out because of a builder delay, ask the lender who pays to extend it.
What if the builder pushes back my closing date?
It happens, mostly on homes still being built. Weather, inspections and supplies can move the date, and builder contracts usually allow some delay.
More questions
- How long does it take to buy a new construction home?A home that is already built can close in about 30 to 60 days. A home that is not built yet can take several months.Read the answer
- What are the steps to buy a new construction home?Talk to us, get pre-approved, pick your home, sign the contract and pay the deposit, get the home inspected, then close and get your keys.Read the answer
- Do I need an inspection on a brand new home?Yes. A new home can still have problems. Your own inspector finds them while the builder still has to fix them.Read the answer
- Can you negotiate with a home builder?Yes, but usually not on the price. Builders more often give on closing costs, the rate, or upgrades.Read the answer