The Ridge Documents

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Frequenty Asked Questions

When will the homes be ready to move in?

The first release is expected to be completed Summer of 2020

How much are the HOA dues and what does it cover?

It is anticipated that the dues will be approximately $3 per square foot per year. The dues will cover common area maintenance and insurance, water/sewer/trash removal, cable television, internet and snow removal to the front door.

What is The Ridge?

The Ridge is a collection of 44 ski-in townhomes, located in the Canyon’s Village at Park City Mountain Resort. The Canyons Village offers skiing, snowboarding, golf, hiking, biking, access to over 400 miles of trails, restaurants & shopping. The homes offer spacious floor plans, contemporary design and two car garages.

Are nightly rentals allowed?

Yes. Property management selection is at the discretion of the owner or they may choose to not rent their residence at all.

Are pets allowed?

Yes, with restrictions.

Are the homes being sold furnished?

Homes are not sold furnished, there are furnishing packages available

What is the Sales Process?

  1. Once you have selected a home, your Realtor will assist you with preparing the Purchase Contract (REPC). The REPC requires an initial Earnest Money deposit of $25,000 to be submitted with the contract. Once the REPC is signed by the Buyer and Seller, the Buyer’s Due Diligence time of 21 days will commence.
    • If the home selected has not passed the option selection date, buyer may engage in selecting options for the home.
      • All available options are determined and provided by the Seller
      • Options are only available to select prior to the construction cutoff date for each home (as determined by the Seller)
      • Buyer will be allocated a 2-hour appointment with Natural Instincts to finalize option selections
      • Buyer will be allocated a 2-hour appointment with an Audio Visual Contractor
      • All options must be selected during Due Diligence Period.
      • Any costs associated with option selections will be added to the total purchase price of the home
  2. Upon Completion of Due Diligence, the Buyer will wire the appropriate funds to Real Advantage to bring their combined deposits to an amount equal to 20% of the purchase price. The combined deposits will be deemed nonrefundable. The remaining balance of the purchase price will be due at Closing.