http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-is-ready-to-party Jim Reppond discusses the vibrant, changing Seattle Real Estate Market. Whether your a seasoned investor or a first time home buyer, Jim\'s vast knowledge of the Seattle Real Estate Market will captivate and educate... Sat, 31 Jul 2010 19:43:31 +0000 http://wordpress.org/?v=2.0.7 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-is-ready-to-party#comment-1984 Mon, 06 Oct 2008 17:48:16 +0000 http://www.theseattlespecialist.com/seattle-real-estate/marlborough-house-is-ready-to-party#comment-1984 [...] 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. [...] […] 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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