Jul
30

94 Homes Sold Over 2 Months and Developer Tells You Why!

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94 homes sold in over 2 months/Auction set pricing from $125,000- $292,000.
DEVELOPER TELLS YOU WHY….
Dear Future Cosmopolitan at Buckhead homeowners,

We would like to take the opportunity to thank our visitors and their real estate agents for stopping in and viewing The Cosmopolitan at Buckhead over the past 3 years. We are very appreciative if the decision was made to purchase and make The Cosmopolitan at Buckhead your home.

As you may be aware, we recently had an auction sale of the homes at The Cosmopolitan at Buckhead in an effort to jump start our sales and to work towards completing the final sell out of the community. The auction was an extraordinary success as we sold 43 homes in about an hour and over 51 in the following 2.5 months after the auction. Yes, you read that correctly we have sold 94 homes in the last 2.5 months. When you combine the recent sales with the previous 121 homeowners who already called The Cosmopolitan home, we now have over 215 homeowners currently living at the community which only leaves 29 beautiful homes remaining.

We contribute our success to a well designed community, great floor plans and amenities, exceptional pricing, available low interest FHA 3.5% down payment financing, $8,000 tax credit and ADA Zero Down Payment Program.  There is still time to take advantage of this opportunity and be one of the fortunate ones to live and play at the Cosmopolitan at an incredible value.

Contrary to the negative press that the condominium market has been receiving as seen in articles published in AJC and Business Chronicle, the Cosmopolitan has set itself apart from many of the concerns that buyers now have when considering buying a condominium. Concerns such as who will pay the operating expenses if the developer defaults on the construction loan, and if the property is only 50% sold will the developer continue to desperately lower prices to make sales, do not apply to the Cosmopolitan.

In fact, prices have been raised 10% since the auction, the community is 90% occupiedthere is no debt on the property and the homeowner’s association is funded and operating on solid ground. There is no question that making the decision to purchase at The Cosmopolitan is a wise choice and we invite you to come and tour the property and find your beautiful home before the remaining 29 are all gone!

Sincerely,

Morris Kaplan and Richard Pease

1 Comments

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[...] kwmarketeer wrote an interesting post today onAuction Set Pricing Moves 94 Homes Over 2 Months | The <b>…</b>Here’s a quick excerpt [...]

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