Bond Street Condos

If you’re a “work here, live here”

kkitchens — Thu, 04 Feb 2010 17:47:40 +0000

If you’re the guy (or girl) who needs a nice, affordable place to live and work, this is the place for you.

Open House Number 2

kkitchens — Fri, 22 Jan 2010 16:40:09 +0000

Great response from our email invite to my fellow Realtors in the Valley. About 20 attendees throughout the day and the comments were favorable and I did ask for brutal honesty.

First Open House a Success

kkitchens — Thu, 10 Dec 2009 22:14:50 +0000

Today we conducted our first open-house. I invited my friends mostly. About 30 folks showed up and the feedback I received was very favorable.

I installed a really nice looking wall-bed in our studio model. It makes our studios so much more spacious. So much more livable.

Next week is the open house for Realtors.

We’re So Close

kkitchens — Wed, 25 Nov 2009 19:44:04 +0000

Get ready. The rollout for the Bond Street Condos is very close at-hand.

I expect our ads to start running on the Peak Broadcasting stations beginning on December 8th.

If you know anyone who would be a good fit for us, please tell them about us or better yet, tell me and I’ll contact them in a no-pressure way.

You can reach me (Kelly) at 208-794-7863.

Kicking Things Off

Kelly — Wed, 18 Nov 2009 21:03:58 +0000

Welcome to the first Bond Street Condo Blog. We’re right-now in the middle of our kick-off; not only of the site but of the entire condo conversion.

So that buyers can take advantage of the First-time Homebuyers Tax-credit without delay, here’s our quick-n-easy offer. Now through the last day of April 2010 we will finance up to 16 condos for first-time homebuyers. No need to worry about lender approval or all the fees associated with getting a loan. Better yet – immediate occupancy.

So here’s the deal. We’re looking for a down payment of just $5000 on a 15-year loan at an interest rate of 7% with a balloon payment in five-years. The idea is to make your purchase before the tax-credit expires. Afterward (while interest rates are still low) you’ll probably want to go out and get a longer-term loan at a lower interest rate.

A first mortgage is then underwritten for the amount of your tax return (interest only) for a term of 120 days. After you get your tax-return check, you simply sign it over to us.

A second mortgage is also underwritten for the remainder. It will look something like this.

Purchase Price $80,000
Down Payment $5,000
Remaining Balance $75,000
Tax Credit $8,000
New Remaining Balance $67,000

Payment on 1st Mortgage $65.00 – lasts only 120 days
Payment on 2nd Mortgage $598.00 – excludes taxes and insurance

Afterward you get your own 30-year mortgage at 5%, your payment would drop to the quite low payment of only $443.00 per month. Where else can you purchase a nice place of your own just minutes from downtown for under $450 per month?