MLG Communities

If I purchase a lot how long do I have to close?
Generally, lot loans take about 45 days.  If there is a circumstance in which more time is needed, we will work with you.

What are the hidden costs in purchasing a lot?
Many communities have Impact Fees and sometimes part of these fees are due at the closing of the lot.  Another hidden cost would be the lamppost and mailbox, which would also be due at closing; some communities have fees unique to that community.  Always ask the question, “What are the hidden or added fees?”

If I purchase a lot, how long do I have to build?
There is no time period in which you must build, but you must keep your vegetation/grass mowed once or twice a season because of noxious weed ordinances in most communities.

What are protective covenants?
Protective Covenants are a legal and recorded document of subdivision rules and regulations which are required by the developer.  All subdivisions residents must agree to abide by these covenants if they want to live in the subdivision.  Buyers accept the covenants when they sign the contract on the purchase of the lot.

Where can I get the best interest rate?
There are various lenders that supply us with information that we can pass on to you.  It’s also a good idea to check with your own bank and contacts.

Can you recommend any builders?
Yes.  We have contacts with many builders on a daily basis and we can make recommendations according to your needs and preferences.

Can I use any builder I want to?
Yes. Make certain the builder you choose is aware of the subdivision’s protective covenants and architecture review process.