Comments on: Encore Condos Offer Close Out Prices

By: Encore Condo Developers Pay off Construction Loan | Nashville Real Estate

Encore Condo Developers Pay off Construction Loan | Nashville Real Estate — Thu, 15 Apr 2010 15:11:37 +0000

[...] RSS feed for updates on this topic.Powered by WP Greet Box WordPress PluginShareIn an update to my September 25th, 2009 article about the Encore Condos, I am pleased to tell you that the developers of The Encore have [...]

By: Embattled 5th & Main Condos Earn FHA Approval | Nashville Real Estate

Embattled 5th & Main Condos Earn FHA Approval | Nashville Real Estate — Wed, 20 Jan 2010 14:31:01 +0000

[...] to stack up very well and is sure to compete for buyers who are interested in newer buildings like Encore, Velocity and Viridian. As rough as that may seem, the real pain will be felt by the smaller [...]

By: The West End Condos Auction Results | Nashville Real Estate

The West End Condos Auction Results | Nashville Real Estate — Mon, 07 Dec 2009 20:41:07 +0000

[...] has sold 30% of their 105 condos, the Icon in the Gulch has sold 48% of their 420 condos and the Encore has sold almost 80% of their 332 condos. Condo inventory is burning off, but is that rate fast [...]

By: Advice for Nashville Condo Buyers | Nashville Real Estate

Advice for Nashville Condo Buyers | Nashville Real Estate — Tue, 17 Nov 2009 00:11:39 +0000

[...] sounds like a good theory, but I rate the Encore as the second safest place to buy a condo in downtown Nashville behind the Adelicia in Midtown. I also rate it as the best place for an [...]

By: zgoldman15

zgoldman15 — Sat, 31 Oct 2009 00:50:29 +0000

Great info, thanks!
Zach Goldman
(831) 392-6993
http://www.EliteCarmel.com
http://www.ZachGoldman.com

________________________________

By: zgoldman15

zgoldman15 — Sat, 31 Oct 2009 00:34:45 +0000

So what do we do?
Zach Goldman
(831) 392-6993
http://www.EliteCarmel.com
http://www.ZachGoldman.com

________________________________

By: Grant Hammond

Grant Hammond — Fri, 30 Oct 2009 23:49:00 +0000

Absolutely true. Grant and Falcon are right, hold your unit for a little montly loss and sell in 12-18 months when you are not competing with any developers. That’s my plan and yes Grant, I do plan on using you as my agent.

By: zgoldman15

zgoldman15 — Fri, 30 Oct 2009 19:50:29 +0000

Great info, thanks!
Zach Goldman
(831) 392-6993
http://www.EliteCarmel.com
http://www.ZachGoldman.com

________________________________

By: zgoldman15

zgoldman15 — Fri, 30 Oct 2009 19:34:45 +0000

So what do we do?
Zach Goldman
(831) 392-6993
http://www.EliteCarmel.com
http://www.ZachGoldman.com

________________________________

By: Falcon2

Falcon2 — Fri, 30 Oct 2009 14:08:45 +0000

I agree with Grant. Unless you want to take a big hit there is no sense in trying to sell right now. The developer sales in this building for the last several quarters have more or less been tracking at about $250 a square foot when you strip out all the incentives being piled on. (Furniture allowances and prepaid HOA fees don't do anything to make the unit more valuable.) And from what's been in the paper the developers are in survival mode so they're likely to do whatever is necessary to keep units selling. The auction wrinkle that surfaced this week will only add to this. If you can, hang in there and keep your unit leased for at least another year, maybe two. And be glad you have a lease permit in a building that has restrictions. Those limitations will make Encore a more attractive choice for buyers when the dust finally settles.