Wild Oak Sales Registration


Why A Registration Process?

Wild Oak has over 300 expressions of interest for only 17 homesites (and the list is growing daily). Some prospective buyers live in other states and are relocating to the area and cannot attend an in person sales event. Others will not be able to attend on a certain “launch” day due to calendar conflicts. Further, for pandemic reasons, we want to avoid lines or any situation where buyers would all be clustered together.

Therefore, in order to make the buying process as fair and stress free as possible, we are taking the following approach for buying a home at Wild Oak.

Details of the Registration Process
Prospective buyers MUST complete a registration form to be a part of the sales process (even if you’ve already previously signed up as a VIP). There is no obligation to purchase a home at Wild Oak when you complete a registration form, however, without it, you will not be registered in the queue of interested buyers.

All 17 homesites are available for purchase. Base home prices are likely to increase as homes are sold.

To help provide some order to the buying process and give some control to prospective buyers, prospective buyers will be contacted according to which group they sign up for on the registration form (to follow below), starting with Group A and working down to Group G. Prospective buyers will be contacted, within each registration group, in the order of the date/time stamp of the completion of the registration form. Therefore we highly encourage prospective buyers to submit the registration form as quickly as possible. You only need to register once as the list will be used for the sale of all 17 homesites. With each new release of sales, potential buyers will be notified of the new base home pricing (as applicable).

The registration groups are as follows:

Group A Any additional offer amount above $25,000. Group As will be sorted by the additional offer amount offered (highest to lowest) and by date/timestamp if two additional offer amounts are the same.
Group B $25,000 additional offer amount.
Group C $20,000 additional offer amount.
Group D $15,000 additional offer amount.
Group E $10,000 additional offer amount.
Group F $5,000 additional offer amount.
Group G No additional offer amount provided.

Additional offer amounts are only applicable if you choose to purchase a new home at Wild Oak, otherwise there is no cost to registering for the sales process at Wild Oak.

The advantage of signing up for a higher level registration group include:

  1. You are more likely to secure a home at lower base pricing.
  2. You will be among the first to select a homesite and home elevation. (note: identical elevations cannot be built next to or across from one another).
  3. We will start construction on your home earlier.
  4. Perhaps most importantly, there is a chance if you don’t sign up for a higher level group that all homesites will be sold out by the time your name is reached on the list. For example, if we have 20 registrants in Group A, all 17 homesites may be sold just in Group A.

Note: If you wish to change groups at any time (i.e. moving from Group B to Group A), you will be added to that registration group according to the date/time stamp you joined that group. Also, if you missed the February 10, 2021 registration deadline for the start of sales, you may still register for any given registration group after the deadline, provided there are homesites remaining.

Preparing for The Sales Appointment

Once selected, you will be offered the first available appointment time to meet with our sales team to review available homes and homesites (some homesites have premiums), price up a home (with available options), and write a contract (should you choose to move forward with the purchase of a new home at Wild Oak).

An example of how a home is priced out at Wild Oak, using the Eliot floorplan as an example, is as follows:

Base Price of Eliot $1,595,900
Homesite Premium (if applicable relative to size of homesite, forested views, etc.) $10,000
Home Personalization Options (above the already strong Included Features) $125,000
Group A – Additional Offer Amount $50,000
Total Purchase Price $1,780,900

Note: While every effort will be made to find a mutually agreeable appointment time, if the customer is unable to make an appointment within a reasonable window of time, Wormald reserves the right to schedule other customer(s) ahead of them at their sole discretion.

Prospective buyers must bring the following to the appointment:

  1. Proof of available funds (through a bank statement or other document) and/or a pre-approval letter from a Wormald preferred lender for an “up to amount” for a purchase price relative to a mortgage loan.
  2. A list of which homesites you are interested in (it is recommended that you visit the Wild Oak site to get a feel for which homesite you would prefer).
  3. A preferred floor plan selection.
  4. A preferred elevation selection (with a back up).
  5. Be prepared to put down a 10% non-refundable deposit to secure a homesite as part of the contract.
  6. If you are working with a realtor, you must disclose this fact on the registration form AND the realtor must attend the first meeting with the Wild Oak Sales Manager in order for the realtor to be eligible to receive any commission on the sale.

Note: prior to the appointment, please feel free to call the Sales Manager as needed for any additional information in preparation for the appointment.

If a prospective buyer does not write a contract at the initial appointment, they will be given up to three additional days to enter into a contract. However, they run the risk of losing a preferred homesite or elevation to a subsequent prospective buyer. After the 3 days, the prospective buyer will lose their place in line.

Note: Contingent contracts are highly discouraged. While contingent contracts will be considered, they can be bumped by another purchaser able to write a non-contingent contract on the same homesite so it is likely the homesite will be lost by the contingent contract purchaser.

Wormald Preferred Lenders

Susan Caulfield

Senior Loan Officer,
George Mason Mortgage LLC

Gary Athey

VP Residential Mortgage Sales Manager,
EagleBank

Mike Orsini

Area Sales Manager,
McLean Mortgage Corporation

Kim Earls

Senior Vice President, Mortgage Lending,
Guaranteed Rate

Mark Wharton

Senior Loan Officer,
Presidential Bank Mortgage

Alexander Mates

VP Residential Mortgage Sales Manager,
FitzGerald Financial


Wild Oak Registration Form

Your Contact Info

Preferred Floor Plan

Registration Group







Note: Additional offer amounts are only applicable if you choose to purchase a new home at Wild Oak. There is no cost to participate in the registration process unless you purchase a house at Wild Oak.

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Comments and Questions

Disclaimer

By submitting this form, I agree that I have read the above sales registration process for Wild Oak. I understand there is no obligation to buy a home at Wild Oak. However, if I elect to proceed with the purchase of a new home at Wild Oak, I agree to pay the additional offer amount as stated in this registration form as part of the total purchase price for the property. I further understand that there is no guarantee that homesites will be available for purchase by participating in this registration process. In addition, while Wild Oak sales will endeavor to follow this process to be as fair to everyone as possible, Seller reserves the right to deviate from this process in it’s sole discretion.