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News Notes


Deep Cuts and Incentives

Posted December 02, 2006 04:12 PM by Connie Talcott Smith

Project updates on newconsearch.com continue to reveal new, significantly lower prices as developers seek ways to entice buyers for their "quick delivery" homes. Cuts of 23% and higher can be found. For example, Minto Communities is offering cuts of 170k to 275k on their models in the large Olympia development near Wellington. Across the highway, they are offering cuts of 111k to 139k on models in their adult community of Buena Vida; in one case this is 40k deeper on the same model than advertised in last week's Palm Beach Post. D R Horton is offering 25k to buyers in several communities, such as Knollwood single family and Verona Palms townhomes. DiVosta says "move now" into one of its southeast Florida communities and your first payment will not be due until July 2007.

Agents are advised to call the sales centers for the latest pricing and incentives, which are changing daily. Smart listing agents will use the latest competitive developer incentives to help their sellers bring asking prices into line with current conditions needed to sell.

Give yourself an investment "gift" this season. Incentives have never been stronger for those wishing to add rental income to their investment portfolios. newconsearch.com helps you find investment properties offering high commissions. On the Power Search filter bar is a link called "details". Click "Yes" for "Investor Friendly" and choose "Commissions at least 5%." You will find 113 possibilites in SE Florida alone! Combine your commission with extra incentives offered by developers in today's market and you may pick up income-producing properties with little out-of-pocket.




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Rosie Tipton, Realtor, Realty Properties, Miami