Introduction
Pre-construction purchase opportunity of 50 entry level homes being built in St. George, Utah. St. George. In a Newsweek article in June of 2007 Washington County was named the fastest growing metropolitan area in the country since 2000 with a 40% growth rate
Purchase Price
$217,000 to $270,000 ($290,000 to $360,000 Retail)*
Discount
25% below Initial Retail Price
Deposit
10% of Purchase Price
Market Downturn Provision
Yes. In the event that the market turns downward, and developer has to lower prices, our buyers club members will receive a dollar for dollar reduction in price to preserve the discount to retail price.
Expected Time Horizon
9 Months
Exit Strategies
Upon funding of the construction loan developer will immediately begin re-sale of the home. Guaranteed builder buy back at 90% of initial appraised value which guarantees a 15% spread.
Joint Venture Terms
An origination fee of 3% of the wholesale value of the home paid by buyer. In addition, at closing, 10% of the profits; However, buyers club shall rebate its 10% share to buyer up to the amount of buyer’s origination fee
In a Newsweek article in June of 2007, columnist George Will writes:
 “Who knew? The nation's fastest-growing metropolitan area is in Southern Utah. This region around the town of St. George in Washington County (which has grown about 40 percent since 2000) is “the” destination for a familiar American phenomenon, "internal immigration." A river of Americans, many of them in or near retirement and most of them escaping (as they see it) from California's congestion, taxes, housing costs, crime and other blemishes, are buying houses about as fast as lumber can be sawed and nails driven, and are eager to purchase services”
Further, Deborah Bulkeley, from the Deseret Morning News reported on April 5th, 2007:
 Washington County, anchored by St. George, continues to be the nation's fastest growing metro area with a 2006 population of 126,312 and a six-year growth rate of 40 percent, according to a report released today by the U.S. Census Bureau.
St. George Mayor Dan McArthur said in the days before air conditioning became commonplace, the southwestern Utah community "was not desirable."
Now, he said, "it is very desirable," with clean air, a warm climate and relatively low elevation. That's reflected in strong growth since the mid-1990s.
General Area Information
Much of the appeal of St. George lies in its myriad of opportunities for hiking, biking, and other fitness activities in the red-rock cliffs that surround the town. "We could never have afforded this kind of life back in California," say local residents.
 New residents are not alone in their newfound love of St. George. The city is in one of the ten fastest-growing counties for people who are 60 and up in the United States, according to a 2006 AARP report on the migration patterns of older adults. In 2005 more residential building permits were issued in tiny St. George (population 65,968) than in any other Utah city. Still, the spacious desert landscape makes it feel as if there’s room for everyone.
St. George is a bargain
Retirees here get Arizona weather and scenery but also enjoy Utah’s tax advantages. Taxpayers who are 65 or older at the end of the tax year may be entitled to a retirement exemption of up to $5,700, depending on their income (married couples filing jointly can claim up to $15,000).
Lifestyle perks
St. George is all about the great outdoors. Zion National Park is within an hour's drive, and a 25-mile network of trails along the Virgin River connects with longer paths.
Great escapes
Las Vegas is just 105 miles south, and some of the country’s most spectacular parks are less than a half day's drive: St. George is 155 miles from the North Rim of the Grand Canyon, 132 miles from Bryce Canyon National Park, and 160 miles from Lake Powell National Recreation Area.
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