Lot Acquisition Videos

Video 1 | Tear Down Introduction

This video reviews the Build-On-Your Lot process and the benefits of building new. It is geared to buyers who are in market for a Tear-Down property or vacant lot where they can build a new home. The steps are very similar to buying a new home in a new home development.

John Jorgenson of Long & […]

Video 2 | Tear Down Overview

This video reviews the steps of the Build-On-Your-Lot process beginning with financing with a construction loan. After obtaining loan pre-approval, contact us to discuss the transaction in more detail. During the call we will discuss how to budget for the transaction. Then it is time to make a list of your site considerations preferences and […]

Video 3 | Financing

The first step to the Build-On-Your-Lot transaction is to contact one of Stanley Martin Custom Homes’ preferred lenders. You will find the contact details in the Stanley Martin Custom Homes Sales Handout. Typically, a construction loan is a line of credit that the buyer draws on to pay for the land or mortgage. Then the […]

Video 4 | Budget

There are 3 components to a Build-On-Your-Lot transaction: The cost of the land, the new home, and the site costs and permits. Visit WeBuildOnYourLot.com to preview homes and obtain cost estimates. The land price depends on proximity to the city and Metro. Site work costs vary depending on the lot and jurisdiction, however, reference our […]

Video 5 | Site Considerations

When looking for a Tear-Down lot or empty property, make a list of site considerations that are important to you. Some examples are suitability for a walkout basement, home orientation, how many steps to the front door, resource protection areas, etc.. There are many other factors that could affect the type of home you can […]

Video 6 | Site Work

Site costs are the activities that are jurisdictionally specific or tasks that are specific to a lot for development. Some examples include: driveways, landscaping, permits, street cleaning, demolition, dirt export, tree removal and fire sprinklers. Site costs are specific to each lot and can vary widely, especially if the lot has never been developed before. […]

Video 7 | Contract

How to secure a building lot with a contingent contract once you have identified the perfect lot? Because you have already been pre-approved for a construction loan, you should be able to place a contingent contract quickly. Expediency is required because other buyers and other builders are competing for the same properties. The video discusses […]

Video 8 | Next Steps

After watching the videos in this site, the next step is: If you would like to learn more about the process, come to one of our presentations at the Reston office of Stanley Martin Custom Homes. If you own a lot or have a ratified contract on a property, call me to set up a […]

Video 9 | Services Agreement

If you have a property under contract, with a study period, you do not need a Services Agreement to receive services from Stanley Martin Custom Homes. However, if you want to invest time on the property search with the support of our team, you can sign a Services Agreement. Our team will help you evaluate […]

Video 10 | How to Calculate the Square Footage of Your Home