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Ad Hoc Committee Created to Manage Flint Pond Estates
Financing Secured for Park Place
No Monthly Payments for Six Months
Townhomes Now Available in New Phase
Flint Pond Estates Occupancy Celebrated
Now is the Time to Buy!
Construction at Flint Pond Estates is Now in Full Gear
Condominium Sales Continue
Off Site Sewer and Water Line Extension
Building Permits Issued
Buy at Flint Pond Estates for $2,247 per month!
Marketing - 3D Animation
Grand Opening!
Ad Hoc Committee Created to Manage Flint Pond Estates
June 5, 2010
This month, Flint Pond Estates Condominium Trust (FPECT) will hold its first Homeowners Association meeting. The developer is currently the Trustee of FPECT. The developer has requested the current homeowners to elect three residents that will take part in an AdHoc Committee for the purpose of assisting in the directional decisions of the Trust. All decisions about Flint Pond Estates now and in the future until 75% of the units are conveyed to the unit owners will be conducted through the AdHoc Committee. “This is a great opportunity for the homeowners to get familiar with the routine daily management and maintenance functions of the premises. Hopefully, these members who have volunteered to become members of the AdHoc Committee will have the experience to eventually become the elected Trustees of FPECT” said Sotir Papalilo, President of Dalewoods Corporation, the current Trustee of FPECT.

As newly elected members of the AdHoc Committee, Noreen Thorne, Jason Dunn, and Greg Meyer, at their meeting they will be discussing issues related to the budget and current contracts in connection with the management of the Condominium. Members of the AdHoc Committee will be meeting the first Monday of each month at which time old and new business on the agenda will be discussed. Riney Management will continue to provide its Property Management services to the AdHoc Committee and FPECT.

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Financing Secured for Park Place
May 28, 2010
United Bank has issued a commitment letter to finance the development and construction of Park Place. Park Place, a 12-unit, three bedroom, two car garage residential development designed exclusive for clientele that are 55 years of age or older, slated to be built on a private 4.5 acre parcel located on Park Street, which is very close to the intersection of Route 9 and Route 135. Now that financing for Park Place Condominium has been secured marketing is about to commence. While in the process of obtaining the necessary building permits for the demolition of the existing onsite structures, as well as, the construction of the first of four three-unit building, reservations are currently being accepted. Westwood Associates has in fact received its first reservation and feels confident that this unique development located so close to so many amenities will pre sell very quickly especially when the marketing and sales staff begin to implement their marketing plan.

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No Monthly Payments for Six Months
September 22, 2009
Westwood Associates is now offering its clients a “no monthly payments for six months” program to eligible and qualified buyers. Basically, the first six months you live for free. This offer is “huge” said Sue Zamis, the marketing and sales director. The offer is not limited to strictly principal and interest payment, but it also includes payments for condominium fees, real estate taxes, and typical homeowner’s insurance premium. For example, on a $299,900.00 home at a 6% interest rate amortized over 30 years with a 10% down payment the monthly payment equates to approximately $2,350.00 per month savings. The monthly payment will vary depending on the terms of the mortgage and the mortgage amount.

The monthly payment savings attained from this program would provide needed relief from unexpected expenses often seen at the time of closing. The program also provides flexibility to the extent that the monthly payments can be made at any time the clients feel is appropriate. In essence it could be used as insurance when a mortgage payment is missed or a payment can not be made due to unforeseen circumstances. Another option would allow buyers to apply any balances toward the payment of the outstanding mortgage when the home is sold.

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Townhomes Now Available in New Phase
July 8, 2009
Westwood Associates is pleased to announce the opening of a new phase here at Flint Pond Estates. The homes that will be available are located on the opposite side of the Flint Pond Drive that was already constructed. The homes available are identified on their web site as units 3-8 and 66-72. Many of the homes in this phase of the development offer water views. According to Sue Zamis, Sales and Marketing Director, most of these homes can be ready for occupancy within 3-4 months from the date the P & S agreement is signed. She was also confident that the recent increased activity at the site will continue as many buyers express their belief that the market has bottomed out. She said that “the time to buy is just right”. She believes that Seller concessions coupled with the first time homebuyer’s tax credit provides an outstanding home buying opportunity. A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

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Flint Pond Estates Occupancy Celebrated
May 1, 2009
The long anticipated occupancy of the initial townhouses here at Flint Pond Estates was celebrated on March 6, 2009 with the closing of 56 Flint Pond Drive. By April 3rd, 2009, three more buyers moved into their new homes. According to Westwood Associates, by the end of October there will be at least 14 more new residents enjoying their new homes. The buyers are elated. Buyers experience can best be surmised when Mrs. Dorothy Nacimento of 56 Flint Pond Drive said “My home buying experience at Flint Pond Estates was exceptional. From the moment I expressed an interest in purchasing a townhouse at Flint Pond to even after the final closing, everyone was professional, courteous and always available for any questions I might have throughout the entire buying process“. One of the recent buyers, Ed and Noreen Thorne, who have purchased 2 Paxton Court had the following to say “We looked at many, many complexes before buying at Flint Pond Estates…The experience of buying at Flint Pond Estates has been greatly enhanced by working with the knowledgeable, professional and courteous staff and we very much appreciate their efforts. We are very happy to be a part of this emerging community and look forward to many years of enjoying the experience of living at Flint Pond Estates.”

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Now is the Time to Buy!
January 6, 2009
Weather permitting, Westwood Associates expects by the end of January 2009 to complete and have ready for occupancy its first townhouse in the condominium. “This is a very exciting time. Buyers have completed their options list and their color selection forms and are already visualizing their home and their new neighborhood complete.” said Sue Zamis, the companies marketing representative. She is very optimistic about the future. She went further to say that we have already experienced a higher level of activity including many who have already visited the site are coming back again. Coupled with the recently announced lower interest rates at 4.75% she believes that the time is just right to make the commitment to buy. Her expectations are high and bullish. Her bullish attitude is a reflection of news that Grafton and Massachusetts in general has not been affected by the significant reduction in sales due to excessive number of homes subject to foreclosure unlike many places like California, Florida, or Arizona where the foreclosure crisis in those states is well known. For example, 25% of all foreclosure activity in the US is taking place in California. In Massachusetts, less than 2% of the residential mortgage loans are in default or in foreclosure. That is good news for buyers and sellers in our area. According to Ms. Zamis, at an interest rate of 4.75% fixed at 30 years the monthly payment on a $299,900.00 townhome currently on sale at Flint Pond Estates is approximately $2,553.00. This monthly payment includes the real estates taxes, private mortgage insurance, and condominium fees, and homeowners insurance. "Now is the time to buy” said Ms. Zamis.

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Construction at Flint Pond Estates is Now in Full Gear
December 21, 2008
Construction at Flint Pond Estates is now at full gear. The main roadway binder is in place and framing of the first four of six buildings in Phase 1 is now complete. “This is a great accomplishment considering that the first building permit was issued last September” said Mr. Paul Germano, the construction supervisor at Westwood Associates. The foundation of the last two buildings slated for Paxton Court is scheduled to be poured the end of February 2009. These two buildings offer great water views of Flint Pond as they are situated more than 50 feet above the water level. With the construction of the two additional buildings at Paxton Court the number of units completed will total 17 units. According to Mr. Germano by the middle of spring the entry area which includes the first two duplexes on Flint Pond Drive extending to the next intersection should be totally complete and landscaped providing a great glimpse of what the final product here at Flint Pond Estates would look like.

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Condominium Sales Continue
October 24, 2008
Despite the current economic conditions sales continue here at Flint Pond Estates. Of the first 23 condominium units only 5 are available for sale. Aggressive marketing and advertising efforts coupled with competitive pricing structure has made Flint Pond Estates a very attractive opportunity. Located just minutes from major highways, these 2,000 square foot three-bedroom townhouses with two car garage bays overlooking Flint Pond are very desirable said Sue Zamis, Marketing and Sales Director here at Flint Pond Estates. With Seller offered discounts it is still possible to purchase one of the three remaining townhouses in Phase I for $299,900.00. Buyers acknowledge that the time to purchase a new home now is just right. Low interest rates and homes discounted to their lowest level in more than a decade provide the recipe for home ownership at very affordable prices and especially here at Flint Pond Estates, one the very few residential developments in the area active in the sale of newly constructed townhouses.

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Off Site Sewer and Water Line Extension
October 10, 2008
Construction at Flint Pond Estates is now at full gear. Significant progress has been made in just the last three weeks. Both the on and off site utility work is proceeding on schedule and is expected to be completed by the end of November. The 2,000 linear foot off site water line extension from Faulkner Road is almost complete. Earthworks and Site Development and Utilities, Inc., expects to have the final stage of the extension by the bridge crossing at Quinsigamond River completed by mid-October making domestic water supply to Flint Pond Estates possible. While the water line extension is under construction Finish Grade Excavation, LLC has been digging and installing a 2,200 linear foot sewer line extending from Nelson Road, crossing over Route 140, to Creeper Hill Road. We expect to have a major section of the sewer line completed by the end of October now that dewatering is no longer necessary said Jeff Allard, owner of Finish Grade Excavation. Weather permitting both the sewer and water line extensions should be online by mid-November. This date should very closely coincide with the completion of the first condominium unit. Occupancy of the first condominium is slated for the end of the year.

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Building Permits Issued
September 19, 2008
Finally, the long awaited buyer anticipation date is here. Westwood Associates, Inc., has received building permits for its first 17 units here at Flint Pond Estates. Four of the six foundations are already poured with the last two expected to be poured by the end of October. Also framing of the first three buildings is almost complete. Based on the projected schedule all of the six buildings should be framed by the mid December. Buyers will now have the opportunity to visit the site, start visualizing and experience first hand the construction process and see their home become a reality.

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Buy at Flint Pond Estates for $2,247 per month!
July 31, 2007
According to Countrywide Mortgage the 30-year fixed rate interest rates is currently at 6.125% with 2 points (6.38 APR) and the 15-year rate is at 5.75% also with 2 points (5.94 APR). These low rates have had a significant positive impact in making home prices affordable to many homebuyers. For example, a home selling for $339,900.00, with a 20% down payment on a 6.125% fixed interest rate, the minimum income required to purchase is just above the required is less than $82,000.00 annual household income. The monthly payment of roughly $2,247.00 includes principal and interest, real estate taxes, homeowners insurance and the condominium fees. A mortgage insurance in not required if the amount of deposit is 20% of the sales price or more.

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Marketing - 3D Animation
July 18, 2007
Innovative marketing strategies are essential in today’s real estates market. “You have to experiment and come up with ideas to better convey your product” said Sotir Papalilo, one of the developers of Flint Pond Estates. “We are pioneers in developing techniques to market a product in a way that our customers can make easy, informative, and quick decisions about purchasing a home” he further said.

Westwood Associates has engaged the services of a computer engineering firm from Canada to prepare a 3D model of its Flint Pond Estates development. This 3D animation which is part of this web site was designed to show a model of the entire site as if it was completed. Often buyers want to see the location of their home. They also want to see the location of their home in relation the surrounding area. The 3D model coupled with the actual video of our furnished model unit provides a full visual of the site and the home.

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Grand Opening!
July 11, 2007
Westwood Associates, Inc. is please to announce the grand opening of Grafton’s newest luxury townhouse residential community, located on Creeper Hill Road in North Grafton. "Now is the time to reserve and get on the waiting list and benefit from the pre-construction sale prices", said Sue Zamis. She was referring to Flint Pond Estates, the 72-unit condominium development slated for construction this summer. Phase I is now open for sale! The condominiums in Phase I are available at a starting price of $339,900.00. All condominium units will consist of three bedrooms with a master suite on the first floor, cathedral ceilings in the living room (and in the master bedroom in certain models), central air system with air conditioning, fireplace, parking for one or two car garage bays.

Ask our sales staff also about the Home Reward Program. The Home Reward Program is an added benefit that could total in excess of $20,000 in free options extended to buyers who reserves and purchases one of the condominium units in Phase I. For additional information about Flint Pond Estates please navigate to our home page.

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