As it nears SOLD OUT status, Merrick Manor’s developer is unveiling a special incentive to help buyers at the luxury Coral Gables condominium building qualify for mortgages and purchase points to lower their mortgage rates.
With only six two-bedroom residences remaining at Merrick Manor and significant interest in those units, this new incentive is a great way for buyers to secure financing for a two-bedroom purchase before it is too late!
How does this new incentive work? For one-bedroom purchases, Merrick Manor developer The Astor Companies will provide a contribution equal to a 3% discount from the residence’s list price. For two-bedroom purchases, that contribution would be equal to a 2% discount.
Buying mortgage points is an important way to keep mortgage rates manageable in a consistently increasing interest rate environment. Borrowers generally purchase points in 0.25% increments at a cost of about 1% of the mortgage amount. These payments are typically made at closing.
Opportunity awaits – it is time to buy as others pull back. Call us to learn more about Merrick Manor’s new incentive!
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.” The building is surrounded by three championship golf courses and is just 20 minutes from Miami Beach.
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.
