CondoFlip
This press release was issued to promote a new website called www.condoflip.com. It sort of reads like a joke. After all, no one wants to be caught in a panic selling situation, which is what this press release implies will happen, almost as a given. It says that there are condoflip franchises available, maybe the Jersey Shore needs this too for all of those new condos in Long Branch and Asbury Park.
“MIAMI BEACH, Fla.--(BUSINESS WIRE)--June 21, 2005--Mark Zilbert, a nationally recognized authority on residential real estate, today announced the launch of Condo Flip(TM) - http://www.CondoFlip.com, a revolutionary online marketplace where buyers, sellers, brokers, real estate agents and developers can meet to "flip" pre-construction condominiums. Flipping refers to the resale of a pre-construction condo before the original buyer takes possession of the unit.
The debut of Condo Flip(TM) comes at a time when many analysts are worried about a growing over-supply of pre-construction real estate, most notably in markets like South Florida and Las Vegas. Miami has an estimated 65,000 new condo units in various stages of development, with 80% of those buyers likely being investors or speculators. Zilbert developed Condo Flip(TM) to allow flippers to get a head start - sometimes by a few years - on the resale of their condos, rather than wait until the "last minute" where panicked selling is more likely. Condo Flip(TM) also opens up the pre-construction condo market to millions of buyers worldwide, thus increasing the number of possible buyer”
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“MIAMI BEACH, Fla.--(BUSINESS WIRE)--June 21, 2005--Mark Zilbert, a nationally recognized authority on residential real estate, today announced the launch of Condo Flip(TM) - http://www.CondoFlip.com, a revolutionary online marketplace where buyers, sellers, brokers, real estate agents and developers can meet to "flip" pre-construction condominiums. Flipping refers to the resale of a pre-construction condo before the original buyer takes possession of the unit.
The debut of Condo Flip(TM) comes at a time when many analysts are worried about a growing over-supply of pre-construction real estate, most notably in markets like South Florida and Las Vegas. Miami has an estimated 65,000 new condo units in various stages of development, with 80% of those buyers likely being investors or speculators. Zilbert developed Condo Flip(TM) to allow flippers to get a head start - sometimes by a few years - on the resale of their condos, rather than wait until the "last minute" where panicked selling is more likely. Condo Flip(TM) also opens up the pre-construction condo market to millions of buyers worldwide, thus increasing the number of possible buyer”
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posted by Little_Silvered at 5:55 PM
2 Comments:
If you knew the real estate market well in south florida, you would probably understand A LOT better.
You have a great website here, and I'm going to tell all my friends about it.
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