Gran Quivira Estates

Terms

Gran Quivira LLC, the Subdivider, offers cash sales, commercially financed sales or will provide it’s own private financing.

Private financing is through a standard New Mexico Real Estate Contract. The real estate closing process begins with a Purchase Agreement and $100 earnest money. A minimum down payment of 10% of the lot price is required at the time of closing and the balance is paid in monthly installments together with interest on the unpaid principal balance from the date of closing. The current interest rate is 10%. The Subdivider and Purchaser split the closing costs of the title and abstract company and the escrow charges. The Contract balance may be prepaid at any time in part or in full with no prepayment penalty. The Subdivider provides a Warranty Deed, to be escrowed at the time of the closing; and a Policy of Title Insurance, showing the property clear of all liens and encumbrances, when the property is paid in full. Easements, restrictions and reservations of record, if any, are assumed by the Purchaser. Taxes are paid by the Subdivider to the date of closing. Possession of the property is at the date and time of closing. Terms are negotiable.