First Time Buyers

What are the advantages of buying new construction?
1. New construction has what the market demands
2. Everything works!
3. New Developments are generally located where people are moving
4. New is often easier to sell than old
5. New is often easier to rent
When do I start paying my mortgage?
You will start paying your mortgage once the building is complete and you have closed escrow. For Vue, this is anticipated to be late summer 2008.
How much do I need for a down payment?
Vue is offering buyers who qualify for the First-Time Buyer program an initial deposit of 3% of the purchase price. Two additional deposits of 1% each will be required at six (6) months after the contract is signed and eight (8) months after the contract is signed; for a total of 5% deposit.
When buying a condo, what other expenses do I need to factor in?
In addition to your mortgage payment, there will be annual property taxes which are approximate 1.25% of the purchase price of the home and a monthly HOA fee that covers your gas, water, trash, amenities, property and building maintenance.
What happens at closing?
As Vue approaches completion, you will be given a close date and will be in contact with your lender and the escrow company which will coordinate the signing of loan documents and the recording of the sale. Then you get your keys and move in!
Where do I get the money for a down payment?
There are a number of ways to get the down payment, many first time buyers borrow from a bank or family member. You may even be able borrow from your retirement account.
How does an HOA work?
The Home Owners Association is set up for the benefit of the homeowners and is directed by the homeowners. A board is elected to run and manage the matters of the HOA. The specifics of the HOA are outlined in the purchase documents.
How do I know it's the right time to buy?
It is always the right time to buy. It is a matter of knowing where to buy and what you are getting for your money. Check out our Top 10 Reasons and see how Vue measures up.
What is a contract?
A Purchase Contract is a binding agreement between you and the seller that is approved by the California Department of Real Estate. The unit you choose during the Sales Release Event will be the unit identified on the Purchase Contract. The purchase price will be specified on the contract and it will be locked in upon signing the contract.
What is the process of buying a new home at Vue in the First-Time Buyer Program?
1. Step 1: Register on our First-Time Buyer Interest List.
2. Step 2: Pre-qualify with our preferred lenders
3. Step 3: Meet with a sales associate at the Vue Sales Center. After you qualify for the program, you will be contacted by one of our Sales Associates to make an appointment to come into the sales center. Due to the popularity of this program, an appointment is necessary.