Beginning in June 2009, the developer of The Residence Club at El Corazon de Santa Fe is making ownership easier by providing seller financing.

Two attractive financing options are available for buyers to consider. Club ownership for fully furnished, two-bedroom residences starts at $130,000 for a one-eighth fractional share. Owners enjoy virtually unlimited use and can plan vacations in advance, as well as make reservations on a short-notice and space-available basis.

"We understand that times are tough for most everyone, but we know there remains a strong desire to have a vacation home in the downtown area where new development is highly limited," says Rob Harper, Development Manager for El Corazon. "Our seller financing program was created with the goal of allowing potential buyers to realize their dream of owning affordable, luxurious real estate in Santa Fe."

Despite the economic climate, The Residence Club at El Corazon continues to generate interest because Santa Fe enthusiasts understand the Club offers a rare ownership opportunity and exceptional value.

There is renewed optimism in the local real estate market as a result of a recent home price forecast by Moody's Economy.com. Researchers predict Santa Fe's real estate market will grow at an annual rate of 3.6 percent over the next decade, placing the city among the top 10 housing markets in the U.S. during this period.

"The Santa Fe real estate market remains relatively stable and a great value," Harper notes. "The city didn't experience the sharp price speculation that other areas did a few years ago, so it didn't share the recent, dramatic decline in home values." He adds, "Santa Fe's dynamic and unique cultural offerings, coupled with beautiful scenery and great quality of life, will continue to sustain its largely tourism-driven economy."

El Corazon is conveniently located across the street from the new Santa Fe Convention Center, and is within walking distance of the famous Plaza, countless boutiques, art galleries, museums, and restaurants.

Financing has been thin on the ground for any home purchase and fractionals in particular, so providing seller financing should certainly help with sales. David Disick has written an earlier article about financing. At this years Ragatz conference the fractional funding panel reported that there was no funding available