Marlborough House is Ready to Party!
April 17th, 2008Posted by Jim Reppond
Looks like the folks at Live Historic are ready to kick off their marketing of The Marlborough House to the public soon. Real Estate Agents will be attending a special event next week to introduce them. I’ve been holding back info of this at the request of the developer to give everyone a fair shake at getting the information out evenly.
But the wraps are off now and those who are interested in this unique project should start seeing information here and other places as the marketing heats up. Client-guests of agents are welcome to this event too.
1 Comment Add your own
1. Marlborough House going b&hellip | October 6th, 2008 at 7:48 am
[…] The Marlborough House had only garnered about a dozen sales since their grand opening and about half of them had decided not to convert their reservations to purchase and sale agreements when the time came. It probably didn’t make financial sense to continue marketing the property with only 6 out of 88 units sold. These days lenders usually require at least 20-25% down from buyers until 51% of the units in a new development have closed. That makes it very difficult for developers with projects that have a large percentage of studios and one bedroom units in thier projects, like the Marlborough House. These types of buildings typically attract a lot of first-time buyers that don’t have the resources for larger down payments. […]
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