Move in Ready “WEE Cottages” with 4.875% financing!
4.875% 30 year fixed financing is available for WEE Cottages in Central Park!
If you’ve been following the residential real estate market in Denver, you know that the market has cooled and builders are motivated to move their homes.
We’re seeing this play out in Central Park as well, where builders with available lots and “spec homes” (meaning a home that’s being built or already completed but not yet sold) are getting creative to incentivize buyers.
Boulder Creek Builders is no different, and this post will give you the details on their two massive incentives they have to help sell their WEE Cottages in Central Park (including 2 that are move in ready and 8 more that are available to close by March).
Check out this quick video to see inside and keep reading for more info.
Before I jump into those two big incentives, what is a “Wee Cottage”?
The WEE Cottages in Central Park are single family homes in the $500k’s to $600k’s that face onto a shared courtyard. They have several plans and they range from roughly 900 – 1,400 sf with 2-3 bedrooms as well as 1-2 car garages. They’re aptly named and intentionally on the small side. They’re of course available to everyone, but we’ve noticed that they are popular with:
- People who are intentionally buying less home so they can focus their money and time elsewhere (less house to heat, cool, clean, furnish, etc).
- “Baby-chasers”… aka grandparents that want to be close to their kids but much more importantly close to the grandkids. They may live here year-round or just use the home part of the year. They don’t need much space, but they enjoy having a manageable single family home for themselves.
- People who have gone through a divorce but want to stay in the neighborhood. This one is always a tough topic to talk about because it’s not fun and it wasn’t anyone’s plan. It happens though, and parents oftentimes need a smaller home nearby.
So now that you know what a WEE Cottage is, let’s hear about the incentives!
Boulder Creek “WEE Cottage” 2 Big Incentives:
Boulder Creek did a great job coming up with two incentives that really move the needle for buyers.
- They have 30 year fixed rate mortgages available at 4.875% for buyers that quality! That’s huge and represents a massive discount off of rates that are typically in the low to mid 6%’s lately. A lot of builders are offering temporary rate buydowns but this discount is for the full 30 year life of the loan. Buyers must qualify for the loan like they normally would, they must have a 740+ credit score and they must be putting down at least 5%.
- They are offering a $12,000 seller concession that buyers can use as they see fit. This could include things like covering closing costs or if you have less than 20% down this could be used to fully pay off your private mortgage insurance (“PMI”) to lower your payments. (Not sure what that means? My contact info is at the bottom of the post and I’m happy to explain it.)
Buyers can combine these 2 incentives which is where things get really exciting!
Interested? More Info & Next Steps:
If that all sounds appealing and you want to learn more I’m happy to help. I’ve put links below to a bunch of useful info and my contact info is at the bottom of the post. I’m not affiliated with any builder and I’d love to help with your Central Park home search.
Central Park WEE Cottages Community Brochure. This brochure just gives you an overview of the WEE Cottage series.
Block 12 Community Map. This map is really useful because it shows you the courtyard, the available lots, the specs on each home and the pricing!
WEE Cottage Floor Plans:
Cottage Four+ (this one is my favorite!)
Inventory for Immediate Delivery:
6329 N. Hanover Street (Cottage Four+)
6331 N. Hanover Street (Cottage Four, 2-Car Garage):
6339 N. Hanover Street (Cottage One)
Can investors buy these or are they just for people who will live in the homes? They’re open to investors but for the 4.875% rate investors will have more upfront fees.
That’s the scoop on the WEE cottages right now in Central Park! Hopefully the info on these big incentives could make the difference and allow you to move into a new home!
My contact info is below. I’d love to help you with your Central Park move. We specialize in helping people buy, sell or manage their real estate in the neighborhood. Please reach out if we can be of service.
