Located adjacent to the scenic Chichaqua Valley Bike/Nature Trail, Baxter's newest residential area, Westfield Horizons, is truly a community showcase. With construction incentives offered by Baxter Economic Development Corporation and a variety of lot sizes available, there's no better time to build!
For more information on Baxter properties for sale, visit www.buybaxter.com or www.newtoniowarealty.com.
BEDCO Lot Marketing Proposal (10/6/2008)
This proposal is intended to provide an added motivation to secure the sale of lots now owned by BEDCO.
The terms are as follows: Lot would be offered with 10% down and a subordinated mortgage for the balance which would be forgiven at the rate of 20% per year. After 5 years the purchaser would own the lot free and clear. Any purchaser would have to start construction in compliance with the covenants of record.
Contractors purchasing a lot to build a spec house would pay 10% down when BEDCO accepts the offer
Example: Lot sells for $25,000. Purchaser pays 10% down. $2500 would be used to cover the sales expense. If the purchaser builds a home and owns the property for 1 year and decides to sell, they would owe 80%