Buying FAQ

WE MAKE IT EASY TO BUILD YOUR DREAM HOME

Whether you are a first-time buyer, growing family, or looking for a home that fits your next stage of life, our team is here to help guide you through the process of building your dream home.

Below are some of the most common questions we receive...

How do I purchase a Homes by Malta Development home?

It's easier than you might think.

Is there someone who can guide me through the process?

Absolutely. Beth R. Smith of Beth Smith Realty Ltd is available to meet with you in person or speak with you over the phone to answer your questions and walk you through the homebuilding process.

Do I need to apply for a construction loan?

No. The type of mortgage you will need is the same as if you were purchasing an existing home. Homes by Malta Development works with several trusted mortgage professionals who can assist you throughout the financing process.

How much of a deposit is required?

One benefit of working with a financially strong builder like Homes by Malta Development is the relatively small upfront cash requirement. A $5,000 deposit is required at the time of contract. This amount is significantly lower than many builders who may require deposits up to 30% of the purchase price. The remaining balance is typically paid at closing. This structure can be particularly helpful if you are planning to sell your current home before closing on your new one. Deposit requirements for custom homes may vary depending on the home plan selected.

How do I choose a building lot?

Everyone has a different vision of the perfect home site. When selecting your lot, many factors should be considered.

You will have the opportunity to meet with the Construction Superintendent to review available lots and discuss your preferences. Together, you will walk the lots and identify the best location for you and your family.

How long does it take to build a home?

Most homes are completed and ready to close in approximately 240 days from mortgage approval.

Do I need to go to multiple places to make selections?

No. All of your selections will be made at our Design Center, where you will choose finishes, materials, and features for your new home.

This is one of the most exciting parts of the building process.

What if I need to sell my current home?

That is very common and not a problem. Homes by Malta Development works with many respected real estate professionals throughout the region who can assist with selling your existing home to help ensure a smooth transition

Still have questions?

Please contact:

Beth R. Smith
Beth Smith Realty Ltd
(518) 928-3057 cell

Financial Decisions