Buying an Existing Applewood Pointe Home
This page is devoted to those who want to purchase an Applewood Pointe home that is currently for sale in an existing community. If you want to purchase an Applewood Pointe home in a brand new community, Click Here to be redirected.
exisiting Applewood Pointe homes
At the present time, there are 14 existing Applewood Pointe communities in the Twin Cities metro area and 4 more that will be filling up soon. Ternes Realty Group has a lot of experience in this area. Not only have we represented over 85 Applewood homeowners during the sale of their Applewood Pointe homes, we have also represented more than 50 buyers who have purchased existing Applewood Pointe homes. Considering that the vast majority (at least 99%) of all real estate agents have never listed or sold a cooperative, that places us at the very top of the list.
Historically, a large percentage of all Applewood Pointe homes that transfer ownership are done internally. The local housing manager will coordinate the sale between the out going member and those looking to purchase. The initial sales price is determined by an internal formula. This formula starts with the original downpayment and then adds the allowable unit upgrades and accumulated appreciation over time. This establishes the share transfer value or asking price for the home. Depending on the community, the appreciation rate is either 2% or 2.5%.
For many people, this process works fine, but in other cases, you might be better served to work with our company. The purchase process is very different than traditional real estate and we are here to guide you through it.
How can we help you in this process?
As a buyer, it’s up to you if you want to purchase your new home alone, or want to work with professional’s like us. We take great pride in sharing the knowledge and experience that we have accumulated over the years. We can answer most of your questions on the spot, and if not, we will get the correct answers for you. We are always present when you tour an individual home and the rest of the community. Besides that, we are acting as your agents and have a legal responsibility to put your needs ahead of everyone else involved including ours.
It doesn’t matter if the Applewood Pointe home you are interested in is one of our listings or not. We are very good at explaining how the 4 equity tiers work, and the entire sales process. We also back all of this up with informational handouts that go into more detail so you can share this information with your family or other professionals.
We also understand that in order to move forward in the purchase process, you will need to have the full purchase price available in cash on the day of closing. For some buyers, they might have access to this money in liquid cash. For others, they may need to sell their current home to obtain the needed funds.
Since we have done this so many times, we can assist you through the entire purchase process. In many cases, we can also work with a local bank to help you get a Home Equity Line of Credit (HELOC) that will allow you to close on your new Applewood Pointe home prior to selling your current home. Often times this is just an interest only loan with no other fees.
To learn more about how we can assist you in the sale of your current home and coordinate this with the purchase of your new Applewood Pointe home, Click Here.
When you work with us, you will not pay a buyer’s commission. Any commission dollars we earn along the way are paid by the seller. This means that you as the buyer have the opportunity to work with the best agents at no cost to you. Why trust this important process to an in experienced agent? At Ternes Realty Group, we have a proven track record of happy clients.
Please contact us today to get started.
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