Purchasing Your New Home
This section provides a brief overview of important items associated with the purchase, financing, and selection of design items.
Several standard forms are used when you purchase your new home. These include the Purchase Agreement and Purchase Addenda. The Purchase Agreement and all Addenda are subject to approval by the Management of Classic Homes.
All documents must be signed by all parties involved before the purchase agreement becomes binding.
What's in this guide
- Purchase Agreement — the legal document that represents your decision to purchase a home.
- Addenda — the description of your home, financing information, standard features, and options.
- Change Orders and Publication #43 — making changes after the agreement is executed, and Colorado's guidance on local soils.
- Arranging Your Loan — selecting a lender, the application appointment, processing, approval, and contingencies.
Key terms
Purchase Agreement — the legal document which represents your decision to purchase a home. It includes the plan number and elevation (exterior design) of the home you have selected as well as addenda and documents required for the purchase of the home.
Addenda — a description of your home (both a legal description and the street address), financing information, Homeowners Association information (if applicable), and additional legal provisions, followed by a list of the standard features and the options you have chosen, along with the price of each.
Change Order — the form used to make changes to your original contract after the Purchase Agreement is executed and before or during the construction of your new home.
Publication #43 — the Colorado Geological Survey's Special Publication #43, which presents general recommendations for dealing with Colorado's unique soils.
Ready to Start Checklist — the document summarizing everything you must complete before construction of your home begins.