Wedgefield, FL

Once the land purchase is completed, the next step is the acquisition of thepermeations for construction with the county. At this point, the initial fees for the"Permit" are paid. This process takes about 1 month due to the need to obtaindocuments related to the work. Sometimes the acquisition of these documents iscarried out, the permit is obtained in 1 day.

We continue with land analysis and construction of the foundation of the house. Itis important to say about the need for inspections for each phase of the work.The house will be built according to the project previously approved by theinvestor, following the schedule of inspections imposed by the county.

Once the work has been finalized, the "Impact fees" fee is paid together with thefinal inspection of the house. If approved, the Certificate of Occupation isobtained.

Acquisition of land:
Form of identification (copy of Passport).
Sign the land purchase contract.
Possibly present a document showing capital for the closing of the property.
Make payment of the land deposit.
Sign the closing of the purchase of the land.
Make the final payment of the land.

Approval of documents for construction:
Sign construction contract with Martins Development LLC
Provide warranty deed (Land writing) for the application of the allows with the Residents' association.
Sign Notice of Commencement "NOC" (notification to the county we are Starting construction)

Sale of the property:
Sign a sales contractSign documents related to the sale of the property sent by the title company.
Provide instructions for transferring the money from the sale of the property.

The acquisition of the property is made on behalf of the investor. In addition tosigning the construction contract, the investor must sign the contract for thepurchase of the land and the contract for the sale of the property.

The construction process was classified into five stages:
Deposit (between deposit and the beginning of the 1st phase is 4 weeks)
Payment for the first phase of construction (3 weeks)
Payment Second Phase of Construction (6 weeks)
Payment Third Phase of Construction (3 weeks)
Last Payment Due After Certificate of Occupation

In exceptional cases, there may be an addition of values or requirementsnot included in the initial contract. Examples such as changes in the layoutof the house and in the choice of the finishing material different from theoriginal project of the property (Floor, vinyl, faucets, and windows).

It may also entail, in additional values, the choice of the land with additional in thesystem of Duke and TOHO (Energy and Water Companies). It is possible topredict and anticipate the entire cost of hydraulic parade and we always try tonegotiate during the acquisition of the land.

In view of the electrical part, the addition of extra values will be identified onlyduring the electrical engineering part of the energy company and, unfortunately,we have no possibility to predict or control this.

The amount included in the contract with Martins Development LLC is $881.00.If the diagnosis of the engineers points to some exceptionality and there is arequest for some additional amount to the collection, it will be presented to theinvestor identifying that our responsibility in the amount of $881.00 has beenpaid and the difference should be paid by the investor. The highest amountever charged to date was $1,500.00 but this is a rare event.

After the completion of the contract between the parties, a deposit charge willbe sent, an amount negotiated in the contract, for the beginning of thedocumentation of construction permits, the other construction values will becharged according to the progress of the steps above, amounts charged asstated in the contract.

Note: for a stage to enter into progress it will be necessary to pay the amountsigned in the contract, otherwise it will be stopped thus delaying the deliverytime of the house.

The technical responsible for the preparation and approval of the project will beMartins Development, LLC.

The post-work person will be Martins Development, LLC. The deadlineaccording to American law is:
First-year - Workmanship (any possible damage by labor) - Machines andappliances - are covered by the factory warranty.- 10 years - Structural part.

The form of commercialization would be the use of the online systems used by our realtor such as:
MLS, Zillow, Realtors.com, Homesnap, and Trulia, among other websites.

The rate is usually 3% for the realtor representing the investor, 3% for those representing the buyer, and 2% for the title company rate. All fees are paid bythe investor.