Offer to Purchase
This is the contract to purchase the home. At time of contract we secure your home site and lock in the price of the home.
Earnest Money
Riptide Builders does not accept Earnest Money.
Builder Deposit
This is your initial investment in the home. Builder Deposits are required at the signing of the Offer to Purchase. The minimum Builder Deposit is 5% of the purchase price. This is credited towards the purchase price at closing. Our deposits are non-refundable.
Financing
In order to go under contract with us, you will need to be pre-approved with a mortgage lender or provide Proof of Funds if proceeding with a cash purchase.
If you have a home to sell it should already be under contract in order to proceed with us. We do not accept contingencies.
Selections Meeting
Once you have signed the Offer to Purchase you will be contacted for your Selections Meeting.
In creating the best home buying experience possible, we have made the personalization process easy. With the ability to do selections in our convenient Sunset Beach Design Center, all your home options can be selected at once, i.e., paint colors, flooring, cabinetry and exterior options. You will find options that will complement your personal style and taste.
Our team will assist you with choosing all the personalization options for your home. And we go over our build process and sets expectations for the next ~175 days, who the key points of contact are, shows you how to access to your client web portal and reviews our site visitation policy.
Your selections are then submitted to the Architectural Review Committee (ARC) for your community, if applicable. This may add up to 60 days to your build schedule and is not a process Riptide controls.
Lot Orientation Walk (if applicable)
The first step in the build process begins with your Lot Orientation Walk. This meeting takes place at the build site with members of the Riptide Build and Sales team. Your build team representative will walk the property with you to point out the house box/placement, driveway location, property lines and trees tagged for removal by Riptide per the direction of architectural review board/committee of the subdivision in which the property is located. This orientation is a courtesy we provide for clients. Unfortunately since the HOA controls the land in most places we build, clients typically have no say so as to the changes or which trees are to be removed on the property.
Rough Walk (if applicable)
A rough walk or (pre-drywall walk) gives you an opportunity to see what is behind the walls before being covered with drywall. You and your Build Superintendent will walk the frame of your home and verify phone, cable jacks and placement of electrical outlets is as expected before we move on to the next stage. This will alleviate having to do any serious changes later which can be costly to you. The Rough Walk is a required meeting that occurs within a very limited time frame in which we stop construction. We ask for your cooperation and to please be prepared for this meeting. Your Superintendent will call you to schedule this appointment with you.
First Walk
Your Sales Specialist will schedule this meeting with you. Since we have a lot to cover with you in a short time, we recommend that you make arrangements to come without your friends, children or pets for this important meeting. Your Build Superintendent will review the interior and exterior with you, going over the quality that was put into your Riptide Home. This is an appropriate time to note any cosmetic defects. Riptide photo documents anything more than cosmetic issues needing attention. It is normal to find some areas that are in need of paint touch up or minor adjustment. Your Build Superintendent will be prepared to mark cosmetic issues with colored tape. It is customary to have your Final Walk and Homeowner Orientations 2 to 7 days after this meeting.
Final Walk (Homeowner Orientation)
The Homeowner Orientation or Final Walk is the last step and takes place 2 to 7 business days after your First Walk. You will meet the team back at your home and review the outstanding items from the First Walk to make sure everything is in order. You then accept the home by electronically signing our Home Condition document. Your closing with the attorney usually takes place later that day or the next day. Your home is expected to be at 100% and ready for move in at this point. You will receive your keys along with our Welcome Home Book containing a welcome letter from our owners, the construction plans, your lot's plot plan, the Certificate of Occupancy, the Improvement Permit (if applicable), various material care sheets, a copy of our warranty with claim instructions, a tradesmen contact list, utility information and the owner's association contact sheet.
Closing
The final step has arrived. This appointment will be arranged by our Riptide's Transaction Coordinator. The closing of your home will be handled by our attorney, Colby Law Firm, PLLC at our Sunset Beach Sales Office.
At this stage, you will be taking title and ownership of the home. The attorney will explain and guide you through the paperwork. Depending on the type of loan you have secured, funds may be required at this appointment. Do not bring personal checks as they will not be accepted. Please be prepared with a cashier's check or certified funds. You can have the funds wired directly to the attorney as well.
That's it! Your are now the proud owner of an Riptide Home. We hope it will bring you as much joy as it has to us in helping you achieve the dream of home ownership.
