RESERVE A HOME AT CULLY GREEN!
Follow the steps below to enter into a reservation agreement for a home at Cully Green.
How to Reserve Your Cully Green Home
Step 1: Study Up!
Explore home types, layouts, amenities, the site plan, and prices at the tabs above.
Contact our broker, Amber Turner, for an on-site tour.
Starting Monday, September 16th, stop by our Cully Grove office (4751 NE Going St.) to review sample boards showing each of the three interior finish option packages.
Review the Disclosure Statement and as many of the condominium documents as you like.
Step 2: Submit an Offer
Fill out a Unit Sales Agreement. You can work with Think Realty or another broker to assist with this - or do it yourself if you like. Step-by-step directions are included in the ‘Guide for Filling Out Unit Sales Agreement’. Be sure to note the home you’d like to purchase and the parking space number, if desired. Unless we have extras at the end, only one parking space is allowed per home. Parking is sold separately at $15,000.
Include a buyer prequalification letter from your lender and be prepared to provide a personal financial statement to demonstrate capacity to purchase (a requirement of our construction lender) if your offer is accepted.
Be prepared to make a non-refundable earnest money deposit as follows:
$10,000 for a 2-bedroom home
$20,000 for a 3-bedroom home (Egret)
$25,000 for a 4-bedroom home (Tanager)
Step 3: Complete your Reservation
If your offer is accepted, you’ll submit your earnest money check to Fidelity National Title to open escrow.
Earnest money details: Earnest money funds are only refundable if the developer fails to proceed with the project. Earnest money earns no interest, is held by a title company, and will never be placed at risk in the project. These funds will be applied to the buyer’s purchase price at closing.
Note: For those reserving larger homes (both 3- and 4-bedroom), the buyer can split the deposit so that $10,000 is held in escrow and the remaining balance is loaned at 7% to Cully Green LLC to support the project. If you are interested in this option, please contact Eli for more information.
Step 4: Meet your future neighbors (if you haven’t already)
We’ll hold periodic informal gatherings at Cully Grove’s common house (right across the street from Cully Green). There, prospective buyers meet one another, walk the site, and learn more about the project. See below for an initial schedule.
A couple weeks prior to construction start, all buyers will need to make final interior package selections.
Upcoming schedule of events and important dateS:
SUN, Sept. 15th, 5:30-7:30pm - Pizza Dinner, Presentation and Site Walk (Please feel free to bring a side dish, especially if you have dietary restrictions. We will have some vegan pizza on order!).
MON, Sept. 16th - Homes will be listed in RMLS to collect backup offers
WED/TH Sept. 18th + 19th - Optional evening site tour
FRI, Sept. 20th - Social gathering for all interested parties, presentation and site walk
MON, Sept. 23rd - Deadline for binding Purchase Sales Agreements
A few notes on UNIT SALES agreements…
Entering into a purchase agreement DOES mean that:
The price is fixed and no one else can buy the same home;
Buyers have until 2 weeks prior to construction to make interior finish selections from options provided;
Buyers will have the opportunity to work with neighbors they share their building with to pick exterior colors with the assistance of a professional designer;
Buyers will receive periodic (~quarterly) updates on project progress; and
Buyers can only get earnest money back if the developer fails to proceed, as described further in the Unit Sale Agreement.
Entering into a reservation agreement DOES NOT:
Commit seller to respond to buyer requests for customization of their future home beyond the options provided in the option selection sheet;
Grant the buyer a role in deciding who will (or will not) reserve other units;
Allow the buyer to assign the unit reservation to someone else.
Want more information? Call us:
Or fill out the form below and we'll get back to you soon!
Forms Needed to Reserve
Buyer Options Form (This can be completed after Unit Sales Agreement is accepted.)
Think Real Estate
2601 NE Glisan St
Portland, OR 97232