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What’s the process of reserving a lot and how long can I reserve it for? What happens if I decide not to buy?

When you buy a new Valecraft home, we typically request that you sign a reservation form to put a hold on your desired lot while we prepare the Agreement of Purchase and Sale (APS). The form specifies the lot number and proposed home style, as well as the date by which you’re required to sign the APS in order to secure the lot. The reservation is non-binding for both you and Valecraft and may be canceled at any time prior to signing the APS. A fully refundable deposit is required with the reservation: $1,000 for a townhome and single home, and $5,000 for a condo.