Tuesday, April 04, 2006

Contract



So Katie and I are under a written contract for this duplex. It is just across the river from our Riverbend condo, located in a locals-only neighborhood. The place is still under construction and will be surrounded by places under construction for the near future, but it is a very cool spot. We have looked at a bunch of properties in our quest to find the right home for a growing family and have only found one other place we both felt really good about (see Down Valley post). It was a relief to walk into an unfinished home and get a really strong feeling for the place. The place has three bedrooms and an office area, two bathrooms, laundry room, and a one car garage. There is an attic and a basement as well. Having ample storage instead of stacking every nook and cranny will be such a treat.

We like the family that is building the duplex. The father is the GC, one son, Derek, is the owner and the other son, Tyler, is doing most of the building. Mom, Linda, is the real estate agent. They are all very nice and intent on providing a great finished product. Derek and Tyler will be living in the other side of the duplex along with Tyler's puppy Emma.

There are a bunch of hoops to jump through because it is a locals-only, affordable housing unit. There are a lot of affordable housing units with appreciation caps of 3% per year, but this one only has a provision that we need to put it on the market for locals-only. If it doesn't sell in one year, we can put it on the open market. We are excited and hope to close in early May.

It is mud season again. We lose more of our town's snowpack daily, but it still seems to snow each day as well. We even got some rain yesterday. Soggy and cold.

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