Buying Process
Buying Process
Is my deposit refundable?
For co-ownership: yes. The $5,000 earnest money deposit is fully refundable during the 14-day due diligence period, and you can back out for any reason. For full-home purchases: the $10,000 reservation deposit includes a 15-day refundable due diligence period. After that, the home remains reserved for an additional 15 days, but the deposit becomes non-refundable while the PSA and construction documents are prepared.
Is my deposit refundable?
For co-ownership: yes. The $5,000 earnest money deposit is fully refundable during the 14-day due diligence period, and you can back out for any reason. For full-home purchases: the $10,000 reservation deposit includes a 15-day refundable due diligence period. After that, the home remains reserved for an additional 15 days, but the deposit becomes non-refundable while the PSA and construction documents are prepared.
What are the steps to purchase?
The process is straightforward: (1) Interest & Agreement — buyer expresses interest, price is agreed upon. (2) Earnest Money Deposit — $5,000 deposit, fully refundable during due diligence. (3) Due Diligence (14 Days) — 14 days to review contracts; buyer can back out for any reason with full refund, no visit required. (4) Commitment Point — if the buyer does not cancel during due diligence, they deliver the full balance into escrow. (5) Construction Trigger — construction begins once 4 of 8 shares are sold, or after 1.5 years, whichever comes first. (6) Escrow Releases at Milestones — funds are released according to the construction draw schedule. (7) Property Transfer & Closing.
What are the steps to purchase?
The process is straightforward: (1) Interest & Agreement — buyer expresses interest, price is agreed upon. (2) Earnest Money Deposit — $5,000 deposit, fully refundable during due diligence. (3) Due Diligence (14 Days) — 14 days to review contracts; buyer can back out for any reason with full refund, no visit required. (4) Commitment Point — if the buyer does not cancel during due diligence, they deliver the full balance into escrow. (5) Construction Trigger — construction begins once 4 of 8 shares are sold, or after 1.5 years, whichever comes first. (6) Escrow Releases at Milestones — funds are released according to the construction draw schedule. (7) Property Transfer & Closing.
When does construction start?
Once 4 of 8 shares are sold, or after 1.5 years " whichever first.
When does construction start?
Once 4 of 8 shares are sold, or after 1.5 years " whichever first.
How does the escrow release work?
For co-ownership: escrow is released at construction milestones — 50% when construction starts, 25% when walls and roof are completed ("obra gris"), and the final 25% when the home is completed and property is transferred. For full-home purchases: draws follow a different schedule — 30% at signing, 20% at foundations, 25% at walls and roof, and 25% at completion.
How does the escrow release work?
For co-ownership: escrow is released at construction milestones — 50% when construction starts, 25% when walls and roof are completed ("obra gris"), and the final 25% when the home is completed and property is transferred. For full-home purchases: draws follow a different schedule — 30% at signing, 20% at foundations, 25% at walls and roof, and 25% at completion.
When do I officially own my share?
Membership interest transfers after final deposit and property conveyance.
When do I officially own my share?
Membership interest transfers after final deposit and property conveyance.
Do I need to visit before buying?
No. We offer detailed virtual tours, video walkthroughs, and live video calls from the property. That said, we can arrange a site visit if you'd like to see it in person.
Do I need to visit before buying?
No. We offer detailed virtual tours, video walkthroughs, and live video calls from the property. That said, we can arrange a site visit if you'd like to see it in person.