Industry Common

Rate locks are handled through the lender, not directly through Ivory Homes. With a new build, the timing of the rate lock can depend on the home’s stage of construction, estimated completion date, loan program, and current lender guidelines.
If you are building from the ground up, your lender can explain when it makes sense to lock, how long the lock lasts, whether an extended lock is available, and what happens if the home’s completion date changes. If you are purchasing a quick move-in home, the rate lock process may be more similar to a typical home purchase because the closing timeline is usually shorter.
An Ivory Homes sales consultant can help connect you with the appropriate lender contact so you can review current rate options, available incentives, and qualification details.

You are welcome to work with a buyer’s agent when purchasing an Ivory home. If you plan to use an agent, it is best to let the Ivory sales consultant know at the beginning of the process and have your agent involved early.
The Ivory sales consultant is your direct resource for the specific community, home plans, available homes, pricing, incentives, construction timelines, and Ivory’s purchase process. A buyer’s agent can also help you review the purchase from your side and support you through the transaction.

At Ivory Homes, “move-in ready” generally means the home is complete or near completion and is intended to be ready for occupancy after closing and recording. The home should have the major systems completed, including plumbing, electrical, HVAC, appliances included with that home, and required inspections.
Specific features, finishes, appliances, landscaping, window coverings, and included options can vary by home, community, and contract. The best way to confirm what is included is to review the home listing, contract documents, and details with the Ivory sales consultant.

A check of framing, mechanicals, and layout before drywall installation; confirm exact scope with builder.
Ivory’s process may include an intermediate walk-through during construction. This is typically an opportunity to review the home before later construction stages are completed, such as drywall and finishes.
The walk-through may include items like framing, mechanical locations, electrical rough-ins, plumbing rough-ins, layout, and selected options. The exact timing and scope can vary by home and construction schedule, so the Ivory sales consultant or construction team can confirm what will be reviewed for your specific home.

A financing structure where payments are reduced in years 1 and 2, then revert to the note rate from year 3 onward. Availability depends on lender and program.
A 2/1 buydown is a financing structure that temporarily lowers the buyer’s monthly payment during the first two years of the loan. In a typical 2/1 buydown, the payment is based on a rate that is 2% lower in year one, 1% lower in year two, and then moves to the full note rate beginning in year three.
Availability depends on the home, current incentive, loan program, lender, and buyer qualification. Ivory Homes is not a lender, so the preferred lender can explain the exact payment, rate, eligibility, and terms for the specific home you are considering.

Typical phases: permitting, construction with staged inspections, final inspections, orientation, and closing; spec homes may close in ~30–45 days.
Ivory homes go through multiple steps before closing. The general process includes planning, loan application, selections, pre-construction, permits and engineering, construction, intermediate walk-through, final inspections, new home orientation, closing, recording, and move-in.
Final inspections may include required city inspections, lender or bank-related requirements, and Ivory’s own review process. Buyers also receive a new home orientation before closing so they can learn about the home and review important items before move-in.

Every Ivory home comes with a limited home warranty. Ivory’s published warranty structure includes 10-year structural coverage, 1-year workmanship and materials coverage, and 2-year systems coverage.
Warranty coverage can include specific terms, exclusions, timelines, and homeowner responsibilities, so buyers should review the actual warranty documents provided with their home. For warranty questions after move-in, homeowners can request warranty assistance through Ivory Homes.

Before signing, it is smart to ask about the full purchase process, estimated timeline, included features, upgrade options, current incentives, financing requirements, HOA details, warranty coverage, deposit requirements, design selections, construction access, and what happens if there are delays.
For Ivory Homes, your Ivory sales consultant is the best point of contact for community-specific details, available homes, pricing, plan options, included features, estimated completion dates, and next steps.

Many Ivory communities may have an HOA, but HOA dues, rules, amenities, maintenance responsibilities, and community guidelines vary by location.
An HOA may help manage common areas, amenities, landscaping standards, architectural guidelines, and community rules. Before purchasing, buyers should review the community’s HOA documents, CC&Rs, dues, transfer fees, and any rules that may affect parking, rentals, landscaping, exterior changes, pets, or amenities.
The Ivory sales consultant can help you find the HOA information for the specific community you are interested in.

Industry definition: “Move‑in ready” means habitable on day one (systems working, code compliant). It doesn’t always mean newly updated or renovated.
“Move-in ready” means the home is ready or nearly ready for occupancy after closing and recording. For a new Ivory home, this usually means the home has been built with selected finishes, working systems, required inspections, and the features included with that specific home.
“Updated” is usually a resale-home term that means a home has been renovated or improved from its previous condition. Since Ivory homes are new construction, the better question is what features, finishes, upgrades, appliances, and design selections are included in that specific move-in ready home.

The fastest way to move into a new Ivory home is usually to choose an Ivory Homes quick move-in home that is already complete or close to completion. These homes can often close faster than building from the ground up because the plan, homesite, structural options, and many finishes have already been selected.
Closing timelines can vary based on the home’s construction stage, financing, inspections, appraisal, title, and buyer readiness. An Ivory sales consultant can help you find available quick move-in homes and confirm the estimated timeline for a specific property.