Q&As
John M.
26 Mar 2024
Will you sell to ALL CASH buyers?
A26 Mar 2024
While our lawyers tell us that we can not refuse and ALL CASH offer, our primary goal is to extend an opportunity to become a homeowner to buyers who, while otherwise qualified, lack the downpayment and closing costs that are normally required for a home purchase.
Elvira N.
26 Mar 2024
What is the definition of a FTB?
A26 Mar 2024
St. Mary’s Bank defines a FTB as a person who has not owned a home in the past 3 years. Additionally, if there are two people buying the unit, so long as at least ONE of them has not owned a home in the past 3 years, those parties WILL qualify as a FTB.
Tomasz A.
26 Mar 2024
Will you sell to a NON-FTB?
A26 Mar 2024
Yes, BUT. St. Mary’s Welcome Home FTB program is only open to FTB’s (explained above). Thus, Non-FTB’s will need to secure alternate financing. Additionally, the MCC will not be available to Non-FTB’s, which will negatively affect the value proposition of Non-FTB’s.
Jefferson E.
26 Mar 2024
Seeing where you have no RE Brokers involved, who will hold the $1000 downpayment?
A26 Mar 2024
St. Mary’s uses Gold Title, 1100 Elm Street, Manchester, NH to close their loans. Thus Gold Title will hold the $1000 downpaynent until closing.
Manuel A.
26 Mar 2024
What if we change our mind and want to “back out” somewhere through the process?
A26 Mar 2024
You will be free to “back out” anywhere through the process BEFORE you sign the Purchase and Sale Agreement. Once the P+S has been signed however, the P+S will determine whether you are permitted to “back out” or not. Generally, you will have some amount of time to conduct your ‘due diligence” (inspections, document reviews, etc.) during which time you are free to terminate the Agreement. Once those thresholds are exceeded however, you will be “at risk” of losing your $1000 deposit.
FINANCING
These are 2BR, 1 BA garden style condos, right on the Newfound River in downtown Bristol NH, with special, FIRST TIME BUYER ONLY financing available exclusively through St. Mary’s Bank of Manchester NH.
Let us show you how to fulfill your dream of home OWNERSHIP, without even putting down the First Month’s Rent and Security Deposit that you would normally need for a Rental unit.
DO YOU HAVE ANY CONCERNS?
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