Hello, Realtors!
Gracewin Living of Baxter has completed construction and we are approaching full capacity. Help us fill the remaining vacancies at Gracewin and open up inventory for your future home buyers.
KEY NOTES
- These sales are not real estate transactions.
While residents of cooperatives receive the same tax and financial benefits, they are not a real estate transaction. Instead, members purchase a share in the cooperative corporation, with the right to occupy one unit in the building. This is equal to one share in the corporation, with each unit having voting rights in corporation decisions. - Purchasing members set their own share investment.
Gracewin offers tiered pricing options for the initial share payment. The more paid at initial investment, the lower the subsequent monthly fee. The monthly fees are all-inclusive and include the members' share of the master mortgage, property taxes, insurance, most utilities, and maintenance. (See printable resources below for breakdown) This monthly fee is reviewed annually and adjusted for actual expenses incurred by the cooperative. - Subsequent resale of member share is simple!
When the time comes for a member to vacate, the sale of the share is simplified. There are no real estate listings, inspections, or title work. Instead, the property manager manages the transfer - working with our waiting list, existing residents, and the like to find a new buyer for the share. Current members are guaranteed a 1-2% equity gain on their initial share investment. - There are multiple floor plans and unit finishing styles available.
To learn more about the units currently available, visit our Baxter/Brainerd page and click on the button below floor plans to access downloadable information with photographs on each unit.
Have questions?
Lisa Anteau, Head of Sales and Marketing
lisa@gracewinliving.com
(855) 472-2396
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PRINTABLE RESOURCES
