Overview
Financing
Clients have these options:
· Option 1 - Standard Mortgage Financing.
· Option 2 - Cash Purchase, clients that wish to obtain mortgages or equity draws overseas are treated as CASH buyers †.
Reservation & deposits
Homes can be taken off the market with a reservation agreement and $10,000 deposit. All reservations must go to a Purchase Agreement within 10 business days and a balance of 10% paid within 30 days of signing the Agreement. Receipt of the contract and 10% deposit locks in the price of the home. The balance of the down payment is due 90 days after contract.
All funds to be made out to:
Crows Nest LLC.
† Cash Buyers will enter into a draw schedule agreement with the developer; 25% at contract, 25% at permit, 20% at block, 20% at frame, 10% at completion.
