Common use of Personalization Clause in Contracts

Personalization. Purchaser acknowledges that the final selections and personalization of their new home is to be completed prior to the commencement of construction, unless otherwise agreed to by the Seller. If Purchaser requests any changes, alterations and/or additional upgrades or features after commencement of construction, Seller may, in its sole discretion either deny such request OR it may allow such request provided that Purchaser prepay the Seller the full price of all requested changes, alterations and/ or additional upgrades or features plus a construction change fee of up to $200.00 per request. Purchaser is strongly encouraged to request all changes, alterations and/or additional upgrades or features to their new home before construction commences. Time is of the essence to accomplish this for the purposes of ordering Purchaser preference items and the property appraisal on a timely basis so as not to delay the completion of construction. If Purchaser elects to make any upgrade or selection outside of Seller’s standard stock materials, the Purchaser shall pay in advance the costs of any and all of such upgrades and additional features directly to the Seller and such payment shall then become non-refundable. Purchaser also acknowledges that due to variable appraisal policies, the full value of the upgrades Buyers Initials Sellers Initials and additional features may not be included in the appraised value of the property. Purchaser agrees to execute a waiver of low appraisal, except on FHA/VA financed transactions, if necessary to include the value of upgrades and additional features to the purchase price. Should Buyer elect to increase the sales price to finance upgrades or closing costs, Seller will charge Buyer a convenience fee of 10% of the amount of the increase in the sales price. This 10% convenience fee will be paid to the Seller at closing. 1. If upgrades are less than the Builder Deposit, Seller agrees to reduce the purchase price by the difference between the appraisal value and the purchase price. Buyer agrees to reduce the amount of Builder Deposit to be credited at closing by the same. Or, 2. If upgrades total more than the Builder Deposit, Seller agrees to reduce the purchase price to the appraised value. Buyer agrees to forfeit the Builder Deposit credit at closing, and agrees to pay any remaining balance in cash at closing.

Personalization. Purchaser acknowledges that the final selections and personalization of their new home is to be completed prior to the commencement of construction, unless otherwise agreed to by the Seller. If Purchaser requests any changes, alterations and/or additional upgrades or features after commencement of construction, Seller may, in its sole discretion either deny such request OR it may allow such request provided that Purchaser prepay the Seller the full price of all requested changes, alterations and/ or additional upgrades or features plus a construction change fee of up to $200.00 per request. Purchaser is strongly encouraged to request all changes, alterations and/or additional upgrades or features to their new home before construction commences. Time is of the essence to accomplish this for the purposes of ordering Purchaser preference items and the property appraisal on a timely basis so as not to delay the completion of construction. If Purchaser elects to make any upgrade or selection outside of Seller’s standard stock materials, the Purchaser shall pay in advance the costs of any and all of such upgrades and additional features directly to the Seller and such payment shall then become non-refundable. Purchaser also acknowledges that due to variable appraisal policies, the full value of the upgrades Buyers Initials Sellers Initials Hunter Homes Building Group - New Construction Addendum-The Buttes 1-2-14 ▇▇▇▇▇▇▇▇▇▇▇▇ 1 of 6 and additional features may not be included in the appraised value of the property. Purchaser agrees to execute a waiver of low appraisal, except on FHA/VA financed transactions, if necessary to include the value of upgrades and additional features to the purchase price. Should Buyer elect to increase the sales price to finance upgrades or closing costs, Seller will charge Buyer a convenience fee of 10% of the amount of the increase in the sales price. This 10% convenience fee will be paid to the Seller at closing. 1. If upgrades are less than the Builder Deposit, Seller agrees to reduce the purchase price by the difference between the appraisal value and the purchase price. Buyer agrees to reduce the amount of Builder Deposit to be credited at closing by the same. Or, 2. If upgrades total more than the Builder Deposit, Seller agrees to reduce the purchase price to the appraised value. Buyer agrees to forfeit the Builder Deposit credit at closing, and agrees to pay any remaining balance in cash at closing.

Personalization. Purchaser acknowledges that the final selections and personalization of their new home is to be completed prior to the commencement of construction, unless otherwise agreed to by the Seller. If Purchaser requests any changes, alterations and/or additional upgrades or features after commencement of construction, Seller may, in its sole discretion either deny such request OR it may allow such request provided that Purchaser prepay the Seller the full price of all requested changes, alterations and/ or additional upgrades or features plus a construction change fee of up to $200.00 per request. Purchaser is strongly encouraged to request all changes, alterations and/or additional upgrades or features to their new home before construction commences. Time is of the essence to accomplish this for the purposes of ordering Purchaser preference items and the property appraisal on a timely basis so as not to delay the completion of construction. If Purchaser elects to make any upgrade or selection outside of Seller’s standard stock materials, the Purchaser shall pay in advance the costs of any and all of such upgrades and additional features directly to the Seller and such payment shall then become non-refundable. Purchaser also acknowledges that due to variable appraisal policies, the full value of the upgrades Buyers Initials Sellers Initials and additional features may not be included in the appraised value of the property. Purchaser agrees to execute a waiver of low appraisal, except on FHA/VA financed transactions, if necessary to include the value of upgrades and additional features to the purchase price. Should Buyer elect to increase the sales price to finance upgrades or closing costs, Seller will charge Buyer a convenience fee of 10% of the amount of the increase in the sales price. This 10% convenience fee will be paid to the Seller at closing. 1. If upgrades are less than the Builder Deposit, Seller agrees to reduce the purchase price by the difference between the appraisal value and the purchase price. Buyer agrees to reduce the amount of Builder Deposit to be credited at closing by the same. Or, 2. If upgrades total more than the Builder Deposit, Seller agrees to reduce the purchase price to the appraised value. Buyer agrees to forfeit the Builder Deposit credit at closing, and agrees to pay any remaining balance in cash at closing.