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New Luxury Carriage Home Community
Lower Gynwedd Township, Montgomery County PA

Procedures For Buying at Penllyn Greene
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Buying a new home can be an exciting experience. Here is how to get started...

- You may reserve a homesite for 14 days with a fully refundable $1,000 deposit.
- Your Community Manager will review the available options and will prepare your agreement of sale. You may include your options in this agreement as well as in your mortgage.
- Should you choose additional options when you do your selections, they may also be added to your sale price by signing an Addendum to your Agreement of Sale. If the total amount of these items totals more than $10,000, we will require an additional deposit of 10% of that amount.
- Are there custom changes you want in you new home? Please discuss them with the Community Manager now. Michael Anthony Homes' estimators will provide you with a custom price. This custom pricing service is available at one time for no additional charge.
- As soon as you decide on a home site and place your deposit, you will receive a copy of the Michael Anthony Homes Caring for your Home and Warranty Guidelines. This explains the warranty and what to expect in your home in great detail.
- At the time of deposit you will also receive a copy of the Public Offering Statement for Penllyn Greene, which includes the Declaration and a copy of the By-Laws of the Homeowner's Association. These documents explain the rules and procedures of the Association, as well as describing the benefits of living in this townhome community. You will have 7 days to review this information before signing your agreement of sale.
- When you sign your Agreement of Sale, you will pay 10% of the total purchase price, which will be held in escrow until settlement takes place.
- You will receive a projected settlement date when you sign your agreement.
- When the builder signs your agreement of sale, you will receive 2 copies: one for your files and one for the mortgage company.
- Meet with your mortgage counselor as soon as you receive this agreement to get a mortgage commitment before your mortgage contingency expires. Please provide the Community Manager with the name and telephone number of your mortgage company.
- Within 10 days of receiving your signed agreements, you will meet with the Community Manager to complete your selections.
- You will meet with the electrician, ceramic tile and flooring subcontractors directly. Your Community Manager can assist you in setting up those appointments.
- Michael Anthony Homes will be happy to order title insurance for you from Security Abstract of PA, Inc. Security Abstract can offer you 10% off the reissue rate, the lowest rate permitted by law. If you would prefer to order your own title insurance, you may let us know when you sign your agreement of sale or you may notify us shortly thereafter. We normally order title for you about the same time we begin construction on your home, so please let us know prior to that time.

Now the fun begins.....

- The builder will obtain plans and permits for your home.
- Once the framing is complete and the mechanicals are in place, we will arrange an appointment for you to tour your new home with a representative of the construction department.
- Once the drywall is in place, your Community Manager will contact you to schedule the settlement date.
- Approximately 3 to 5 days before closing, your mortgage company can provide us with a list of their charges and your Community Manager will assist you in obtaining the final amount of certified funds that you will need to bring to settlement from your title company.
- Your Community Manager will also schedule your pre-settlement walk-through, where you will inspect your home and we will show you how to operate the systems and appliances in your new home.

The process does not end when you move in...

- After you have lived in your home for a few weeks you may see warrantable items that were not apparent at settlement. We ask that you develop one list and mail it to the Customer Service Department approximately 45 days following your settlement. We will contact you to review this list and will see that those items covered by our warranty are attended to promptly.

We have developed a system to make the purchase of a new Michael Anthony Home rewarding and fun and your Community Manager will be there to answer your questions and guide you every step of the way.

Are you ready for a beautiful new home in a wonderful new neighborhood? The employees of Michael Anthony Homes certainly look forward to building a new home for you and your family that you will enjoy for many years to come!

* Prices and features are subject to change without notice.

Penllyn Greene Homepage • Cardiff Model • Pembroke Model

Standard Features • Frequently Asked Questions

Michael Anthony Homes
505 1/2 Germantown Pike
Lafayette Hill, PA 19444
800-898-0028