Regency FAQs
Typically, 7 to 9 months, depending on weather and factors outside of our control. The timeline will increase if the home is 3000+ square feet.
Presale: The buyer chooses their neighborhood, lot, floorplan, and selections for us to custom build their home.
- Market Home: A home pre-built with selections chosen by our team, and sold as “ready now” for buyers to purchase for a quick move-in. Not a presale. Sometimes referred to as a spec home. Market home and Spec home are the same thing.
Presale - waiting for buyer to choose neighborhood, lot, floorplan, and selections.
Phase 1 Prepare
-Preapproval
-Write contract
-Ratified
-Order plans
-Submit for construction loan
-Design studio appt
-Pre-construction Meeting
Phase 2 Build
-Home Construction: slab, framing, heating & cooling, electrical, plumbing
-Pre-sheetrock meeting
-New home orientation
-Final walk through
-Closing
-1 year warranty
Market Home - selections have already been made by design studio.
*Depending on when you write contract and get ratified, you may not see certain steps in the process. The home could be just getting started, in the middle of construction, or completed/Ready Now.*
Phase 1 Prepare
-Preapproval
-Write contract
-Ratified
-Design studio Preview appt to see selections.
Phase 2 Build
-Home Construction: starting everything like slab, framing, heating & cooling, electrical, plumbing
-Pre-sheetrock meeting: If it's passed this one you get raitifed, you will not have any
-New home orientation
-Final walk through
-Closing
-1 year warranty
*There are cut off phases for changes to both a presale and market home. Changes allowed depend on stage of construction.*
We have partnerships with the following lendors:
- Bank of Bartlett | Chao Lin – (901) 315-7441 | Vivian Smithey – (901) 387-3049 | Austin Davis – (901) 604-9055
- Community Mortgage | Kathee Villar – (901) 759-4444 | Jason Woods – (662) 892-4109 | Kevin Ruby – (901) 759-4394
- Mortgage Investors Group | Taylor Birmingham – (901) 440-9853
- Guaranteed Rate | Sara Wong – (901) 218-2905
We would love to! Please call 901-350-5050 to get started.
Yes! Regency works with a program called eCredit Advisor that can help you improve your credit. eCredit Advisor will tell you exactly what needs to be done and how long it will take to improve your credit. Call Brandon at (512) 900-4910 to set up a FREE consultation.
Yes, once a community is sold out or almost sold out, we typically sell our model homes. There are some exceptions to this, so you can always call us at (901) 350-5050 to inquire about a specific model home.
No. Most customers rent an apartment or house while their home is under construction. Some customers also rent month to month if need be.
No. Your mortgage payments will not start until after the home is completed and you have closed.
- 2% = Homes priced at $399,900 and under
- 1.5% = Homes priced at $400,000 or more
*closing costs excluded in certain communities. Call 901-350-5050 for details.
Email alleigh.moffett@newregencyhomes.com and mention which community you would like to receive information on.
No. Regency only sells homes.
Dishwasher, stove, & microwave.
Currently it is $2,500, $5,000, $10,000, and $20,000 depending on the community.
Regency does not allow holds/reserves on homesites. The only way to ensure the homesite is yours is to pick a floor plan, sign a contract, and put down the required deposit.
No. Regency does not delay build times for any reason. Once the contract is accepted, building will start in one month as long as weather permits.
When purchasing a new home, your credit report will be pulled at the time of contract and again about half way through the building process. Whereas, purchasing an existing home only requires your credit report to be pulled once. This is because credit reports are only valid for 3-4 months.
We currently only build in our communities.
It is 3% across the board.