Why should I buy pre-construction?
What is a Reservation Agreement? How is it different from a Purchase Agreement?
When will I sign an official binding Purchase Contract?
How is Transcendence being financed?
Can earnest money deposits be used by the Developer towards construction?
How many Purchase Contracts will need to be executed before construction can commence?
When is Transcendence expected to break ground?
Assuming things progress according to schedule, construction should begin late Summer 2017.
How long will it take to build Transcendence?
Who will be the contractor for Transcendence?
Who is the Architect?
How are finishes chosen?
Are there any rent restrictions associated with Transcendence?
Can I have pets?
Owners are allowed to have pets, but there will be restrictions as to the type and number that will be allowed. The exact guidelines have yet to be determined.
Who will be the on-site management company?
Do owners have to use a specific management company to market their units for rent?
What will association dues be?
How much are units projected to gross on an annual basis if placed in a full-time rental program?
We encourage you to contact rental agents for this information.
Whom should I contact for financing?
We don’t provide or arrange purchaser financing, but eventually we will work with a mortgage lender to establish a financing program to be available for our qualified buyers. Of course, you can always pay cash or otherwise arrange your own financing.
How and when are real estate agents compensated for selling units at Transcendence?
Agents who are specifically identified in the Purchase Contracts signed by developer will be paid a commission of 3% of the Purchase Price, one-third (1/3) of which commission (meaning 1% of the Purchase Price) shall be paid if, as, and when any buyer’s right of rescission has expired and the remainder of which shall be payable within ten (10) days after the Condominium’s pilings have obtained formal municipal building approval. In other words, Agents do not have to wait for a certificate of occupancy to realize their 3% commission.
Does a buyer get a better deal if they don’t have a real estate agent?
What if I want to sell my pre-sale condo after closing?
How do I determine the economic benefits of buying a unit?
I’ve reviewed the site plans, floor plans, amenity plans, etc., but can they change?