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I just heard of someone who has a contract with Impact Design Builders to dig a well on their lot -- and they are six months late in doing it. They are going to have to sue them for breach of contract.
Sounds like Impact Design is going belly up from all the stories I am hearing.
I just heard of someone who has a contract with Impact Design Builders to dig a well on their lot -- and they are six months late in doing it. They are going to have to sue them for breach of contract.
Sounds like Impact Design is going belly up from all the stories I am hearing.
they just finished a $1.2 mill presale in Highcroft Village and are starting 2 others. I think they are fine but are concentrating on the money makers right now.
most contractors agreed to do jobs that they normally wouldnt do when things went south.
they just finished a $1.2 mill presale in Highcroft Village and are starting 2 others. I think they are fine but are concentrating on the money makers right now.
most contractors agreed to do jobs that they normally wouldnt do when things went south.
$1.2 million in Highcroft Village? Who's the Coma Patient that bought THAT house???
The most expensive home to close in COPPERLEAF to date was $1,212,000.
If that number is correct than P.T. Barnum was right.
It's the nature of the economy. A lot of local developers/builders went belly-up and those that stayed around can't get loans from banks as they are too interested in spending their cash on acquiring new banks as opposed to giving out loans. Impact is privately funded and has no bank debt. They are not on the verge of going under and are better off than most developers in the area. The economy is slow. Sales are slow. Response times are slow.
It's the nature of the economy. A lot of local developers/builders went belly-up and those that stayed around can't get loans from banks as they are too interested in spending their cash on acquiring new banks as opposed to giving out loans. Impact is privately funded and has no bank debt. They are not on the verge of going under and are better off than most developers in the area. The economy is slow. Sales are slow. Response times are slow.
With the economy being slow and their sales being slow, I would think their response time would be FAST?
$1.2 million in Highcroft Village? Who's the Coma Patient that bought THAT house???
The most expensive home to close in COPPERLEAF to date was $1,212,000.
If that number is correct than P.T. Barnum was right.
same size lot as copperleaf and just as nice. there is an "estate" section in the back with larger lots. i guess they wanted the school district but anyone with that much cheese can pay for private school
Pkg Sale Date 11/17/2009
Pkg Sale Price $1,109,000
same size lot as copperleaf and just as nice. there is an "estate" section in the back with larger lots. i guess they wanted the school district but anyone with that much cheese can pay for private school
Pkg Sale Date 11/17/2009
Pkg Sale Price $1,109,000
I just looked it up.
I'm speechless (for once).
At $148 per square foot (neighborhood average) that house needs to be 7500 square feet or it had better be made of solid gold.
And the punchline-the buyer put a whopping 10% down.
same size lot as copperleaf and just as nice. there is an "estate" section in the back with larger lots. i guess they wanted the school district but anyone with that much cheese can pay for private school
Ha-Ha, that is a good one... . If there is one thing anyone has learned from this forum is that you cannot count on the school assignments remaining the same - even within a neighborhood. There are no guarantees there.
The lot might very well be nice, but Copperleaf has comparably priced sales to support its success. The LOWEST priced house in there is above $650 and the AVERAGE is probably around $800K, maybe even a bit higher. Inventory shows more than 10 in current inventory between $740K - to over $1M.
Highcroft Village only has a couple of homes over $550K, the average in there (granted not in the "Estates") is probably closer to $450K. Their website shows 10 homes listed from $375K - $499K.
Hope the new buyers plan to stay for a good long time. I have always heard that you do not want to be the hgihest priced home in a neighborhood, and at nearly twice the average priced home in there, resale could be brutal. I don't want to be negative, just seems extremely high for that location. It is a beautiful neighborhood, and I wish them well. The neighbors should adore them... they certainly stand to increase the comp value for everyone in that zipcode.
Quote:
Originally Posted by VickiR
With the economy being slow and their sales being slow, I would think their response time would be FAST?
Vicki
And... I agree with Vicki on contractor standards & response time- If ever there was a time to step up - this is it! "It's Show Time!"
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Impact is fine
).
. If there is one thing anyone has learned from this forum is that you cannot count on the school assignments remaining the same - even within a neighborhood. There are no guarantees there.
