The Residence Club at El Corazon de Santa Fe Announces Seller Financing
June 12, 2009 by Fractional Ownership News ·
Vacation Home Ownership Becomes Easier in Santa Fe as Real Estate Market is Poised for Growth
For almost twenty years, private residence club ownership has been a popular concept and smart choice among vacation homeowners. It offers an economical and convenient way to own a luxurious vacation home without the burdens or added expenses associated with whole ownership. Beginning in June 2009, the developer of The Residence Club at El Corazon de Santa Fe is making ownership easier by providing seller financing.
Two attractive financing options are available for buyers to consider. Club ownership for fully furnished, two-bedroom residences starts at $130,000 for a one-eighth share. Owners enjoy virtually unlimited use and can plan vacations in advance, as well as make reservations on a short-notice and space-available basis.
“We understand that times are tough for most everyone, but we know there remains a strong desire to have a vacation home in the downtown area where new development is highly limited,” says Rob Harper, Development Manager for El Corazon. “Our seller financing program was created with the goal of allowing potential buyers to realize their dream of owning affordable, luxurious real estate in Santa Fe.”
Despite the economic climate, El Corazon continues to generate interest because Santa Fe enthusiasts understand the Club offers a rare ownership opportunity and exceptional value.
There is renewed optimism in the local real estate market as a result of a recent home price forecast by Moody’s Economy.com. Researchers predict Santa Fe’s real estate market will grow at an annual rate of 3.6 percent over the next decade, placing the city among the top 10 housing markets in the U.S. during this period.
“The Santa Fe real estate market remains relatively stable and a great value,” Harper notes. “The city didn’t experience the sharp price speculation that other areas did a few years ago, so it didn’t share the recent, dramatic decline in home values.” He adds, “Santa Fe’s dynamic and unique cultural offerings, coupled with beautiful scenery and great quality of life, will continue to sustain its largely tourism-driven economy.”
El Corazon is conveniently located across the street from the new Santa Fe Convention Center, and is within walking distance of the famous Plaza, countless boutiques, art galleries, museums, and restaurants.
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