the great downtown finance mtg
DESCRIPTION
The 2nd Great Downtown Open House home buyer eventTRANSCRIPT
The Great Downtown Open House
July 29th Product Awareness Session
Great D
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Strength and distinctiveness of downtown products…
• For sale options…– Condo vs. Townhome– Financing is available!– Incentives
CO
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• Condominiums are most common type of “attached” community association…
• The condominium is a unique form of ownership where the owner typically only owns the air space, but not the physical boundaries of the unit or the land underneath the unit...
• The owner holds a shared interest in the common area…
Great D
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Condominium Example…
• Townhomes are usually a series of single story or multistory units that are linked to each other horizontally by common walls.
• Townhome owners hold title to their units and the land beneath them. As with condos, common areas are owned jointly by all townhouse owners.
• A property owners' association usually manages the townhouse complex and collects fees from all owners in order to maintain common areas.
TO
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Great D
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Townhome Example…
• Townhomes generally financed as a “single family” (attached) home.
• Condominiums… Financing is available!
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Financing…
Condo financing options
30 yr fixed• Employee Assisted Housing Program• Fannie/Freddie/FHA approval
OTHER:• Portfolio loans• 5/1 ARMs• 3/1 ARMS
See each property for special offers
The B
rewhouse
200 Prairie Street
1, 2 and 3 Bedroom floor plans
• Historic, Mixed-use living
• River views
• Boat slips/marina
• Roof top gardens/patios
• Eco-friendly design
• Units starting from $171,000
River E
ast Lofts
202 North M
adison Street
2 and 3 bedroom floor plans
• Historic building, exposed brick
• Custom kitchens w/premium appliances
• Unique floor plans incl. fireplaces
• 1 & 2 Car garages
• Roof top decks with GREAT VIEWS!
• Units start from $168,000.
Lantow
Lofts
502 7 th Street
One and Two bedroom floor plans• Maintenance-free Condo living• Low utility costs “green” features•Secure garage and entry• Garden deck and elevator•Units start from $135,900.
Bliss B
uilding317 M
ulberry Street
1 bedroom - live/work floor plans
• Open, flexible loft plans utilizing
• Huge windows with great natural light
• Custom kitchens w/ soap stone counters
• Large walk-in showers
• Units start from $155,000.
Garrison T
own H
omes
419 John Street
1, 2 and 3 bedroom floor plans
• Stone counters, custom kitchens
• Energy efficient “green” design
• Beautifully landscape courtyard
• Private balconies
• Direct access garages
• Units start from $155,000.
Let the tours begin…