TERMS & DETAILS
Units are designed to meet investors’ preferences, and the buying process is designed to be simple and seamless for investors. Investors who take advantage of early purchase cash pricing will become Limited Partners in ANABS and secure seats on our Advisory Board. Buying Process: The reservation fee to hold a unit ($5,000) will be credited against the purchase price. Customized payment plan options are available to suit investor needs (typically 25-50% down payment with the remainder spread over the construction period). Bigger down payments get bigger price discounts. Partnerships with mortgage providers are facilitated based on need.
Cash/Mortgage Purchase
Cash Buying Process
The Buyer will complete a formal reservation form and pay a non-refundable fee of $5,000. The Developer will prepare and submit a draft sales and purchase agreement to the Buyer within 7 days. The Buyer will review and approve the sales and purchase agreement within 21 days of receipt of the draft agreement. The completion date will be stated in the sales and purchase agreement.
Payment Terms
The Buyer agrees to pay 25% of the purchase price upon submission of the signed sales and purchase agreement. The Buyer agrees to pay 25% of the purchase price upon roof installation on the building structure. The Buyer agrees to pay 25% of the purchase price upon roof installation on the building structure. The Buyer agrees to pay the remaining 25% balance of the purchase price, less the reservation fee, upon completion of the finished unit.
Mortgage Buying Process
The Buyer will complete a formal reservation form and pay a non-refundable fee of $5,000. A mortgage pre-approval letter is required to reserve a unit. The Developer will prepare and submit a draft sales and purchase agreement to the Buyer within 7 days. The Buyer will review and approve the sales and purchase agreement within 21 days of receipt of the draft agreement. The completion date will be stated in the sales and purchase agreement.
Payment Terms
The Buyer agrees to pay 25% (or the amount stated in the mortgage pre-approval letter), less the reservation fee, upon submission of the signed sales and purchase agreement. The mortgage provider will pay the balance on behalf of the Buyer upon completion and handover of the purchased unit.
