Buying a Beazer Home? 10 Contract Traps You NEED to Know

Buying a Beazer Homes new-construction home in Myrtle Beach, SC? Before you sign the purchase agreement or put down a deposit, understand the contract terms that could affect your money, financing, appraisal, closing date, and legal rights. In this video, I break down 10 important provisions from an actual Beazer new-construction purchase agreement for a home in the Myrtle Beach, South Carolina market. We cover the deposit structure, when a deposit can become non-refundable, the financing-denial deadline, appraisal risk, construction timelines, who controls the closing date, potential closing-delay charges, unfinished follow-up items, options and upgrades, HOA documents, and the contract's dispute-resolution provisions. Some of the biggest issues discussed include: • A $62,235 initial deposit in the specific contract reviewed • Written lender-denial notice requirements, including a 3-day deadline • What happens after Conditional Loan Approval • What happens when the home appraises below the purchase price • An estimated completion date versus contractual construction provisions • At least 3 days' advance notice of closing • Potential $200-per-day closing-delay damages plus a $100 document charge • Why minor follow-up items may not give a buyer a basis to delay closing • A 10% Options & Upgrades Deposit in the contract reviewed • HOA/community-document obligations • Mediation, binding AAA arbitration, and class-action limitations The purpose of this video is to help buyers understand the types of provisions they should pay attention to when reviewing a new-construction contract. Contract terms can vary by transaction, community, state, and contract version. This video is for general educational purposes and is not legal, tax, or financial advice. Have a qualified South Carolina real estate attorney review your specific contract and circumstances before making legal decisions. 00:00 10 Things You Need to Know Before Signing 02:15 #1 Protect Your Deposit 05:30 #2 The 3-Day Financing Deadline 07:56 #3 What Happens If the Home Appraises Low? 09:34 #4 The Builder Has Up to 2 Years 11:29 #5 Who Controls the Closing Date? 12:18 #6 Construction Changes & Completion 12:59 #7 If It’s Not in Writing, It’s Not Real 13:38 #8 Upgrades & Non-Refundable Deposits 14:42 #9 HOA Rules & Documents 16:09 #10 Mediation, Arbitration & Class Actions 16:56 The 3 Biggest Contract Risks 18:19 Final Walkthrough & Punch-List Issues 18:52 Should You Have an Attorney Review It? Thinking About Buying a New Construction home in Myrtle Beach, SC or Its Surrounding Areas? 📲 Call/Text Direct: 843-360-1737 📧 Email: brandonkunasek@kw.com 📅 1-on-1 Discovery Zoom Call → https://scheduler.zoom.us/brandon-kun... 👉 VISIT OUR WEBSITE TO LEARN MORE & SEARCH LISTINGS: https://www.myrtlebeachnewconstructio... https://substack.com/@brandonkunasek Visit: https://www.brandonkunasek.com Contact: Brandon Kunasek, Broker Keller Williams Innovate South Shorewise Wealth 843-360-1737 brandonkunasek@kw.com. Disclaimer: All information given is meant to be educational. I am only passing on historical information shared with me by owners, rental companies, and various publications. I am not guaranteeing these numbers, nor can I guarantee future rentals or appreciation. This information is not intended to replace your own research, or to provide legal, investment, or financial advice. Please consult an attorney for legal advice.