Frequently Asked Questions (FAQ)


How do I choose a lot?
We strive to maintain an inventory of platted lots; one of which will be assigned to you. Otherwise we will get you a lot through our other sources. This simple step will alleviate the major guesswork that would otherwise preoccupy your time. The lots are carefully chosen in the path of growth.

Does the price of the house include the lot and if so, why do I receive two separate contracts?
The price of the house does include the lot. We will send you two contracts; one is for the lot and the other is the Builder's contract for the house. Who is the builder? And what are we building? We use several builders throughout Florida; All the builders we work with are licensed in the state of Florida and have undergone our examination process. They are reputable builders, with a proven tract record, and are ready, willing, and capable of building you a superior home. We are building 1,100-2,200 living sq. ft. three (3) and four (4) bedroom homes on 1/4 acre home sites, but it may differ depending upon the location of interest.

How many can I buy?
That will depend on many factors involved with financing. Almost everyone qualifies to build at least one property. You can also invest with a partner in order to do more than you could do on your own.

How long will it take to build my home?
Each area we build in has a different build out time period. Generally it can take anywhere from 6-8 months.

When do we close on the property?
Typically, closing is held 45 to 60 calendar days from the time a lot and house is placed under contract.

What if I want to rent my home?
We have management company we can provide to you in each of the specific areas we are building in. We will fully manage your property and sometimes procure a renter even before the property is finished. Call Mike Heasley at Homerun Realty Property Managagement, LLC. 352-624-0935.

FINANCING FAQ'S

How do I get started?
Fill out the Pre-qualification form and fax it to Homerun Realty, LLC. 352-624-0942.

How much money will be needed for this purchase?
Because of our unique financing, your total out-of-pocket expense is $2,500. You are able to include closing costs, and construction interest into this loan. Your final monetary amount is $2,500.

Will I have payments during the construction phase?
NO! In this financing program, you include all interest and closing costs to the loan amount. You do not have a payment until the house is completely finished and you're eligible to resell or rent the home.

How does this Loan work?
This loan is a "Construction to Permanent" Loan. This particular variation of CP loan is capable of including: lot cost, closing costs, financing costs, and home purchase all in one loan. Are there any pre-payment fees?
NO!

What is the interest rate?
The interest rate changes throughout the loan. During home construction, you have a construction loan, and then once construction is completed the loan automatically turns into a normal 30 year loan. This loan is very unique, so comparing it to another type of loan would not suffice. For this type of program the rates are very competitive.

What if I have bad credit or do not qualify?
Almost everyone qualifies for our special construction loans. When you make an application one of our Loan Specialists will contact you and discuss your options.

HOMERUN REALTY, LLC IS A LICENSED REAL ESTATE BROKERAGE IN THE STATE OF FLORIDA.
ALAMO CONSTRUCTION CO., INC. CBC#1252893