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Terzetto Aventura salesperson pitches me on exclusive pre-construction sale

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I love getting pitches from builders and developers, especially ones like this e-mail I got from a Terzetto At Aventura sales associate:

Hi John

I just wanted to let you know (and remind those who already know) that we are
taking pre-sale reservations for our new project TERZETTO in Aventura, Miami
FL. We will be going to contract within the next 15 days. This is your last opportunity to get your clients in before we go to the general public.

This will guarantee your clients a unit in our beautiful project and will get
them in at first price level. If you have any interested clients or would like more information drop me an email with your Tel # and a good time to call.

You can view the details online http://www.xclusiveit.com/terzetto

Please feel free to forward this link to your clients, as it does not contain any of my contact information.

Kindest Regards,

Mia Acevedo
Sales Office
Terzetto At Aventura

I just talked to someone about pre-construction condos right before posting this post. If this development were in Tampa Bay they would’ve likely had a sale.

This post can also be found at Hundred Acres, the world’s first real estate community weblog.

-John Mudd
“Mr. Real Estate”

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About Mr. Real Estate

  • http://www.miami-realestate.net Mabelle

    Is “Flipping” Real Estate really that Smart?
    Contributed by Mabelle
    Friday, 05 May 2006
    The temperature in Delray Beach, Florida hit 100 degrees last summer. But still, buyers lined up and waited outdoors for days. Many buyers would spend $350,000 for one-bedroom condo jut to resell the unit immediately.
    “Flipping” is a real estate lingo that means buying and reselling properties quickly for bigger profits. There are even points were people bought and flipped contracts before they were built. This is very rampant in South Florida and in other popular real estate markets.

    Miami’s preconstruction market has seen high investor returns in the United States. More than 80% of condo units that were purchased were only speculative investments. People who bought them did not even have any plans of living in those units.

    People go for this method since they see more than 400% investment returns. They are able to get back the money they spent in constructing the condo for a year four times bigger. It is for this reason desperation hit South Florida and other big real estate markets. However, the place is still where people buy units where they actually plan to live in.

    By M. Sese
    Miami Real Estate Agent

  • http://insiderealestatejournal.blogspot.com Mr. Real Estate

    The above comment is SPAM.

    I say that because every agent knows that Miami is way overpriced and inventory is sitting like a rock there. That’s why everyone from Miami are now buying in and investing in Tampa and Orlando.

  • http://miamirealestate.line.us Mabelle

    The above is not a spam…

    Miami market will not be as lucrative as before in the short term that is the reason buyers and realtors are moving to west coast of Florida.

    Thanks

  • http://insiderealestatejournal.blogspot.com Mr. Real Estate

    Miami market will not be as lucrative as before in the short term that is the reason buyers and realtors are moving to west coast of Florida.

    Very true. Many of the investors and developrs who made good money in Miami when it was hot are now in Tampa Bay. Most are doing condo conversions.

    Cheers.