Ownership Options

Ownership options at Jacaranda TraceJacaranda Trace offers four different ways to purchase your new home.  Each Resident receives a Life Estate Deed on their condominium that insures that the unit has clear title and gives the Resident the right to reside in the unit for the rest of their life.  When a Resident vacates their unit, the unit reverts back to Jacaranda Trace and then, based on the Purchase Plan selected, a refund is paid to the Resident or their estate.  The Plans are as follows:

Partner Plan

The Partner Plan is designed to reflect the upside of the real estate market and limit the downside.  The Unit will be sold based on the full list price. Within 30 days of the closing of the resale of the Unit,  the Resident or their estate will receive 100% of the original purchase price of their unit plus 50% of the appreciation based on the new sale price, less refurbishing  costs, 7% sales fee and closing costs.  If the unit is sold for less than the original purchase price the refund will be 100% of the original price less refurbishing costs, 7% sales fee, and closing costs. The Resident or their estate is responsible for the payment of the monthly condominium fee and the real estate tax until the unit is resold. 

90% Guaranteed Refund Plan

This plan is designed for Residents who desire to receive their refund no later than one year after they vacate the unit. The Unit will be sold based on the full list price.  Upon vacating their unit, The Resident or their estate will receive 90% of the original purchase price of the unit, less refurbishing  costs, 7% sales fee and closing costs.  The refund will be paid the sooner of the resale of the unit or one year.  The Resident or their estate is responsible for the payment of the monthly condominium fee and the real estate tax until the unit is resold or one year, whichever is sooner.

50% Guaranteed Refund Plan

This plan is designed for Residents who desire to receive their refund no later than one year after they vacate the unit and would like to invest less in their new unit and in exchange receive a smaller refund. The Unit will be sold based on 75% of the full list price.  The Resident or their estate will receive a percentage of the original purchase price of the unit, less refurbishing costs, 7% sales fee, and closing costs, calculated as follows:

Less than on year……………………………….……90%

1-2 years………………………………………………….80%

2-3 years………………………………………………….70%

3-4 years………………………………………………….60%

4 or more years……………………………………….50%

The refund will be paid the sooner of the resale of the unit or one year.  The Resident or their estate is responsible for the payment of the monthly condominium fee and the real estate tax until the unit is resold or one year, whichever is sooner.

0% Guaranteed Refund Plan Available on select units.

This plan is designed for Residents who desire to receive their refund no later than one year after they vacate the unit and would like to invest less in their new unit and in exchange receive no refund. The Unit will be sold based on 60% of the full list price.  In the first four years of residency, the Resident or their estate will receive a percentage of the original purchase price of the unit, less refurbishing costs, 7% sales fee, and closing costs calculated as follows:

Less than on year……………………………….……80%

1-2 years………………………………………………….60%

2-3 years………………………………………………….40%

3-4 years………………………………………………….20%

After 4 years no refund is due and no refurbishing costs, sales fee and closing costs are due from the Resident or their estate. The refund will be paid the sooner of the resale of the unit or one year.  The Resident or their estate is responsible for the payment of the monthly condominium fee and the real estate tax until the unit is resold or one year, whichever is sooner.