Tribune Print Share Text

The secret is out—there’s a new way to move to Riderwood

Created date

March 22nd, 2011
Despite encouraging news regarding the upswing in the Washington, D.C., real estate market, gone are the days when houses sold in less than a day. On average, a home in the D.C. metropolitan area stays on the market close to 100 days before it is under contract. Yet, when it comes to enjoying the amenities of theErickson Livinglifestyle, many prospective community members would rather not wait. They d prefer to move right in and then later, when settled, attend to the sale of their house. Thanks toRiderwood s new flexible pricing plan, they can do just that. We realized that prior to offering the flexible pricing plan we were only giving future community members one way to move in, says Riderwood Director of Sales Jason Longwell. That doesn t work for everyone. So we developed this new option. In the two weeks since its inception, seven apartment homes have been reserved under the plan. This tells us that people like what they are hearing, says Longwell. We ve barely had time to get the word out and people are continually calling for details. Plan specifics The details are simple. Under Riderwood s new flexible pricing plan, community members pay a lower entrance deposit and make a larger monthly service package payment. For many, it means they can move to Riderwood, in Silver Spring, Md., and then deal with the sale of their house. There is no time limit for the plan. A community member can indefinitely continue with the flexible pricing payments. They can also switch over to the regular payment plan at any time. Switching back to traditional payments is appealing to many community members after they sell their house, says Longwell. Typically the sale of their house frees up funds to pay the higher entrance deposit, which in turn, lowers the monthly payments. At the same time, there are others who prefer to stick with the lower entrance deposit because it frees up their money for other things. The best part is that it is entirely up to the individual. Based on the initial success of the program, Longwell is confident that Riderwood is offering an option that is appealing to many people. Our goal is to help anyone wishing to move to Riderwood to do just that, he says. I encourage anyone who wants to learn more to give us a call.