Magnolia Homes FAQ

Our homes are built with expansive selection options available, and structural options are available within guided limitations to remain within architectural and feasibility guidelines.

• Magnolia Homes remains committed to working to ensure every new home purchase is tailored to each individual situation – similar to how each new home and home buyer are unique!  Magnolia Homes will review and evaluate all requests that are placed within the official purchase agreement on a case-by-case basis.

• Magnolia prides itself on maintaining comparables within each neighborhood as high as possible to protect the value of the communities long-term as well as all of our homeowner’s investments – this is a factor in all decisions.

• Magnolia Homes highly values, respects and welcomes realtor representation.
• If a buyer chooses to be represented by a buyer’s agent, Magnolia Homes is open and willing to compensate buyer’s agents in an amount not to exceed 3%!!

• Magnolia Homes will work within all legal and ethical advice and guidelines set forth.

• No, a buyer’s agent is not required to purchase a Magnolia Home.  All Magnolia Homes New Home Specialists representing Magnolia Homes are fully licensed realtors within the state of Tennessee and are experts on all things Magnolia Homes and the communities represented.  Magnolia Homes New Home Specialists do strictly represent Magnolia Homes and do not represent buyers.  A commission or compensation is not legally allowed to be given to an unlicensed party to the transaction.

• Magnolia Homes oftentimes has generous concessions available for buyers on Featured Homes and will review offers presented and respond with what makes sense after evaluating the overall purchase agreement as a whole. Magnolia prides itself on maintaining comparables within each neighborhood as high as possible to protect the value of the communities long-term as well as all of the homeowner’s investments – this is a factor in all decisions.

We are currently building in six communities! Five located in Collierville, TN and one located in Rossville, TN.

For most of our communities, our average build time is between 6 and 7 months. For our Shepherd’s Creek community, the build time is 10-12 months on average.

Jake Scott – Eagle Bank Mortgage | 901-494-4662

Jennifer Michalski – Cadence Bank | 662-316-1217

Jeremy Holliday – Community Bank | 662-871-0384

Maribeth LaBarreare – Pinnacle Financial Partners | 901-261-5308

Dave McDowell / Todd Brown – Mortgage Investors Group | 901-761-6910

Charlie Land – Pinnacle Financial Partners | 901-590-6966

Find More information here:

https://www.yourmagnoliahome.com/contact/financing/

Absolutely! Oak Grove Realty would be happy to help you in this process. Call 901-309-0710!

We do! Usually after a phase in a community has been completely sold or nearly sold, we will then sell our model home! Feel free to inquire about a specific model home by calling 901-309-0710!

You can do so by calling Kelsey Alcala, our Online Sales Counselor, at 901-309-0710 or emailing her at Kelsey@magnoliahomesinc.com!

We do not.

Each of our homes come with a dishwasher, cooktop, oven, microwave, sink with disposal, primary tub, and vent hood. Refrigerators are not included, except for some cases in our Shepherd’s Creek Community.

A pre-sale is when you choose an available home site, floor plan, and selections. Whereas, an inventory home, is one that we have chosen the home site, floor plan, and selections. This home is available for sale at any point during the construction process. If a contract is written early enough in the construction process, there is an opportunity to select finishes only if they have not been chosen or ordered yet.

• For a New Build in our Cypress Grove, Cove, Oak Hill, Magnolia Preserve, and Villages of Saunders Creek Communities – 10%
• Inventory Home Following Roofing Completion but Prior to Interior Paint Complete – 5% Plus Any Additional Luxury Options Added
• Inventory Home Following Interior Paint Complete OR Completed Inventory Home – $6,500 x # of Months Until Closing Plus Any Additional Luxury Options Added
• Preferred Lender Option – If preferred lender is used, there will be an option on a New Build to pay 5% of deposit at time of contract and then remaining 5% within 45 days

• For a New Build in our Shepherd’s Creek Community – 10% Minimum
• Inventory Home Following Roofing Completion but Prior to Interior Paint Complete – 5% Plus Any Additional Luxury Options Added
• Inventory Home Following Interior Paint Complete/Completed Inventory Home – $6,500 x # of months until closing plus any additional luxury options added
• Preferred Lender Option – If preferred lender is used, there will be an option on a New Build to pay 5% of deposit at time of contract and then remaining 5% within 45 days of ratified contract date.

Depending on the community, we offer a 7 to 14 day home site reservation for a non-refundable amount of $1,000 or $5,000. For Design Agreements, we have a non-refundable $5,000 and is the opportunity to have a specific plan customized over a 30-day period

No, we do not intentionally delay build times. Building will begin as quickly as possible following finalized agreement, permitting, pre-construction meeting, and so forth.

It is very similar, except the closing process for a new home is a bit longer than with an existing home! There is no need to pull out a construction loan, as this will be handled by Magnolia Homes.

We currently only build inside of our six communities!

You will do so at our Design Center where our dedicated Design Team will assist you along the way! They will help guide you in bringing your dream home to life! Our Design Center showcases different tile options, cabinet styles and colors, paint choices, hardwood samples, bricks, and more. In addition, you will also be sent our Exterior Selections Worksheet, LightRoom Platform, and Design Inspiration Guide for preparation prior to your appointment.

If not included in your contract, you will pay for upgrades in full through BuilderTrend.

Following signing of contract, you will receive a Welcome E-Mail providing details on your building process, selection meeting dates if needed, points-of-contact moving forward, etc.

You can also find out more information about our building process here: Building Process Details or here: Building Process Infographic