How do I place a Hold?

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Holding a Lot

  • Only Available (green) lots may only be placed on hold by builders.
  • Builder Inventory (blue) lots are owned by the builder and cannot be held.
  • Home Buyer information and a scan/photo of a deposit cheque is required by most developers.
  • The Developer reserves the right to reject/remove the hold.  The builder will be notified by LotWorks if this were to occur.


To Hold a Lot

  1. Click on an available lot from the Lot Map, and select “Hold Lot”.
  2. Enter Home Buyer information by clicking “Edit” next to Home Buyer 1 and Home Buyer 2.
  3. Attach an image or PDF of the customer’s deposit cheque.
  4. Click “Submit Lot Hold” to submit your hold on this lot.
  5. The Developer will respond with a confirmation or rejection notification.  
  • FAX OPTION: Alternately, Click “Print Form” to open the Hold Request Form in a new window. Once you have the Home Buyer’s deposit cheque, you may fax this form to LotWorks. 

Unless a lot is purchased, Lot Holds will expire automatically after 21 days. This can vary depending on the individual settings of your Land Developer.

LotWorks has the ability to edit this expiry date using the Edit Expiry Date button found on the Lot Map and Lot Details pages. Edits to the expiry date are tracked in the hold details. To request an extension on a lot hold, the Builder should contact the Developer directly.

48 hours prior to expiry, the builder will be sent a reminder notification that the hold will expire, and the next step (Purchase Request) should be taken.
 

What If My Hold Falls Through?

If your hold is no longer valid but there is some time before it expires, you may click "Remove Hold" from the Lot Map or Lot Details page to cancel your hold on the lot.

This allow other sales associates the opportunity to place a hold on the lot with a different buyer.

 

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