New Home Purchase Agreement Template

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Cedar Crest Homes, LLC

Alder Creek — Lot 14

Dated August 15, 2026

New Home Purchase Agreement

Agreement DateAugust 15, 2026

CommunityAlder Creek

Lot / HomesiteLot 14 / Homesite 0142

Property Address123 Juniper Trail, Springvale, CO 80000

This New Home Purchase Agreement ("Agreement") is entered into as of August 15, 2026 by and between the Buyer and the Builder identified below for the purchase and construction of a new single-family residence on the homesite described above.

Buyer

Jordan Avery and Riley Avery

88 Marigold Court, Springvale, CO 80000

buyer+homebuyer@propper.ai

Builder

Cedar Crest Homes, LLC

400 Timberline Parkway, Suite 210, Springvale, CO 80000

License #RB-2026-04471

1. Property

The Builder agrees to construct and sell, and the Buyer agrees to purchase, the residence to be built on Lot 14, Homesite 0142 in the Alder Creek community, with a street address of 123 Juniper Trail, Springvale, CO 80000 (the "Property"). Construction shall be substantially in accordance with the plans, specifications, and finish selections agreed to by the parties.

2. Insulation Disclosure

As required by the Federal Trade Commission's R-Value Rule (16 C.F.R. § 460.16), the insulation to be installed in the residence is:

Area

Type

Thickness

R-Value

Exterior walls

Fiberglass batt

5.5 in

R-21

Attic / ceiling

Blown-in fiberglass

16 in

R-49

Basement walls

Fiberglass blanket

3.5 in

R-15

R-value means resistance to heat flow. The higher the R-value, the greater the insulating power.

3. Purchase Price

The total purchase price for the Property consists of the base house-and-homesite price plus the total of all options and upgrades selected by the Buyer, as set forth below.

Base Price (house and homesite)$412,000.00

Options & Upgrades$38,500.00

Total Purchase Price$450,500.00

4. Earnest Money Deposit

Within 5 days of the date of this Agreement, the Buyer shall deposit earnest money in the amount of $13,500.00 with Trailhead Title & Escrow (the "Escrow Agent"), to be held in escrow and credited to the Total Purchase Price at closing. The $5,000.00 reservation deposit held under Reservation No. RES-2026-0042 is credited toward this earnest money and counts toward the amount Buyer must deposit. If this Agreement is terminated in accordance with its terms, the earnest money shall be disbursed as provided in Sections 6 and 10.

5. Estimated Completion

The Builder estimates that construction of the residence will be substantially complete between February 1, 2027 and April 30, 2027. This estimate is a target and not a guaranteed date. Delays caused by weather, material or labor availability, governmental action, or other matters beyond the Builder's reasonable control shall extend the completion window accordingly. Notwithstanding the foregoing, Builder shall complete construction of the residence no later than two (2) years after the date Buyer signs this Agreement, subject only to delays that are legally recognized as defenses to a contrac

6. Financing Contingency

The Buyer's obligation to close is contingent on the Buyer obtaining a 30-year fixed-rate conventional mortgage in the approximate principal amount of $360,400.00 at an interest rate not to exceed 7.5%. Buyer may apply to any lender of Buyer's choice and shall apply promptly and in good faith. If Buyer has not obtained a written loan commitment within 21 days after the date of this Agreement, Buyer may terminate this Agreement by written notice given no later than the last day of that period, and the earnest money will be refunded to Buyer under Section 10. If Buyer does not give that notice,

7. Closing

Closing shall occur within 15 days after the Builder notifies the Buyer that the residence is substantially complete and a certificate of occupancy (or its local equivalent) has been issued. Closing shall take place at the offices of Trailhead Title & Escrow, Springvale, CO, or at such other location as the parties agree in writing. Possession shall be delivered to the Buyer at closing upon payment of the Total Purchase Price in full.

8. Title, Closing Costs, and Risk of Loss

At closing, Builder shall convey title to the Property by special warranty deed, free of monetary liens and subject only to recorded covenants, easements, and other exceptions in the title commitment that Buyer does not object to in writing within 10 days after receiving it. An owner's title insurance policy will be provided at Builder's expense. Property taxes and association assessments for the year of closing will be prorated as of the closing date, and other closing costs will be paid as customary in the county where the Property is located unless a signed addendum provides otherwise. Risk

9. Limited Warranty

Builder will provide the Cedar Crest Homes 1-2-10 Limited Warranty at closing. Buyer acknowledges receiving a copy before signing this Agreement. The limited warranty does not waive or limit any right or remedy that cannot be waived or limited under the laws of the State of Colorado.

10. Default and Remedies

Buyer default. If Buyer fails to perform any obligation under this Agreement and does not cure the failure within 15 days after written notice from Builder, Builder may terminate this Agreement by written notice and receive the earnest money as liquidated damages. Buyer and Builder agree that Builder's actual damages would be difficult to determine, that the earnest money is a reasonable estimate of those damages and not a penalty, and that receiving it is Builder's sole and exclusive remedy for Buyer's default.

Liquidated damages, initials: Buyer Co-Buyer Builder

Builder default. If Builder fails to perform any obligation under this Agreement and does not cure the failure within 15 days after written notice from Buyer, Buyer may either (a) terminate this Agreement and receive a full refund of the earnest money and all other deposits paid to Builder, or (b) seek specific performance or any other remedy available at law or in equity.

Refunds and escrow. Any refund owed to Buyer will be paid within 10 days after termination, and the parties will promptly sign any release instructions the Escrow Agent requires. If the parties dispute who is entitled to the earnest money, the Escrow Agent may hold it until it receives joint written instructions or a final court order.

11. General Provisions

Entire agreement. This Agreement, together with the following documents signed by Buyer and Builder (Homebuyer Selection Sheet (Options & Upgrades Addendum); Closing Cost Contribution Addendum), is the entire agreement for the Property and supersedes all prior discussions, sales materials, and model-home displays. Amendments. This Agreement may be changed only by a written amendment, change order, or addendum signed by Buyer and Builder. Assignment. Buyer may not assign this Agreement without Builder's prior written consent. Notices. Notices must be in writing and delivered by hand, courier, o

12. State-Required Disclosures

THE PROPERTY IS LOCATED WITHIN A COMMON INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY. THE OWNER OF THE PROPERTY WILL BE REQUIRED TO BE A MEMBER OF THE OWNER'S ASSOCIATION FOR THE COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON THE OWNER OF THE PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION COULD PLACE A LIEN ON THE PROPERTY AND POSSIBLY SELL IT TO PAY

IN WITNESS WHEREOF, Buyer and Builder have signed this New Home Purchase Agreement dated August 15, 2026 for Lot 14, Homesite 0142, Alder Creek, 123 Juniper Trail, Springvale, CO 80000, including the documents listed in Section 11.

Buyer

Jordan Avery

Builder

Morgan Ellison

Division Sales Manager, Cedar Crest Homes, LLC

Co-Buyer

Riley Avery