Town of Vail & Local Housing Authority to Host Second Lottery for Chamonix ON Jan. 22
The Town of Vail and the Vail Local Housing Authority will be hosting a second lottery for anyone interested and pre-qualified to purchase one of five available townhomes at Chamonix Vail. The lottery drawing will take place at 6 p.m. Monday, Jan. 22 in the Vail Town Council Chambers. Similar to the first lottery selection held on May 3, 2017, lottery winners will be selected at random. Doors open at 5:30 p.m. and participants are encouraged to arrive early.
The five townhomes currently available include one 2-bedroom, 2-bathroom, 2-car garage; one 3-bedroom, 3-bathroom, 1-car garage; and three 3-bedroom, 3-bathroom, 2-car garage properties. The homes are priced at $499,000, $549,000 and $599,000, respectively.
The deed-restricted properties are among 32 new townhomes being built by the town in partnership with Triumph Development West. The homes are being built in stages with move-in for the first owners occurring Jan. 26 with all homes completed by mid-April 2018.
The upcoming lottery follows an earlier event on Jan. 15 in which current homebuyers who participated in the first lottery had an opportunity to trade their townhome for any available home on the site or to purchase an available home. That process resulted in three buyers trading their home selection for a different home or different location and three persons on the original waitlist selecting a new home for purchase.
In addition to an executed purchase contract, new buyers will be required to submit a pre-qualification letter from a lender and commit to participate in a future home-buyer education class. Home-buyer packets, including copies of all pertinent legal documents, are available for pickup and review at the Community Development Department offices or on this website.
By or before Friday, Jan. 19:
CRITERIA TO ENTER THE JANUARY 22, 2018 NEW BUYER LOTTERY
- Sign up to receive information - I'm Interested, Keep Me Posted
- Complete Home Buyer Questionnaire prior to the lottery - http://chamonixvail.com/chamonix-vail-home-buyer-questionnaire
- Commit to participate in a Homebuyer Education Class Certificate of Attendance no later than June 30, 2018 Available class options can be located on the Valley Home Store website - http://valleyhomestore.org/page/15685~195826/Homebuyer-Classes
- Prior to the lottery, submit to Lynne a Loan Prequalification Letter indicating the MAXIMUM for which you qualify to purchase
- Attend the New Buyer Lottery beginning at 5:15 PM on January 22, 2018 at Vail Town Council Chambers, 75 S. Frontage Rd., Vail, CO