Wild Oak Sales Registration

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.

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:

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.

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:

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.