Anonymous wrote:Anonymous wrote:There is a rumor that an NBA player has moved in the Mt. Prospect community..is that true?
How do you know this?
Anonymous wrote:There is a rumor that an NBA player has moved in the Mt. Prospect community..is that true?
Anonymous wrote:There is a rumor that an NBA player has moved in the Mt. Prospect community..is that true?
Anonymous wrote:There is a rumor that an NBA player has moved in the Mt. Prospect community..is that true?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.
I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning I will have a 400-500k loss.
The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded.
I hear you, but respectfully disagree. I’ve bought in Mt Prospect and can say that design center will not cost more than 150k, and that’s with high end options. Structural, yes, that can add up. But design center isn’t anywhere near 400k. Also, you have to go in with a good agent…we saved a decent amount and got some “freebies” as did our neighbors. I think 65k for premium is a little low though…more like 100k-125k based on what recent buyers paid for premiums. Either way, I agree that the market is turning and buyers will have more leverage.
I was told that the Palentine model home had 400k in design options. I want something about as upgraded as that. That's why I think it will be more than 150k. I wish I could get some idea of the design center pricing before purchasing. I think I will just wait and hope for getting something like the Kalorama model closer to 2.2-2.4 million.