January 16, 2008

Homes On Esprit Park: Now Accepting Refundable ($3,000) Deposits

From a plugged-in tipster (and on the heels of yesterday's Esprit Park expose):

“With our model homes expected to deliver in February and more models following in months to come, The Homes on Esprit Park team is thrilled to offer an opportunity to reserve your favorite unit for up to 45 days with a refundable $3,000 deposit. Offered for the first time since the sales office opened in late ’07, our refundable reservations are designed to help our most interested buyers move closer to the unit they want before it’s complete without the risk of a binding contract.”

If you're interested, you might want to act now (there's nothing wrong with a free option), but also keep the offer in mind the next time you hear a stat about "sales." Oh, and also noted, 1 bedroom, 1.5 bath homes "now priced from $595,000 to the mid $600,000’s."

Homes On Esprit Park: The Foreshadowing Comes To Fruition [SocketSite]

First Published: January 16, 2008 1:26 PM

Comments from "Plugged In" Readers

I went to some open houses in dogpatch/potrero as well as a hard hat tour at Esprit Park on Sunday. There are certainly significantly lower price per square foot options nearby, however I was impressed with the project. The price guarantee which was designed to protect against fears of future price declines is no longer offered. I interpret that as a hint that they are likely going to lower prices. The 45 day reservation does not appeal to me as I believe the 365 day period of further declines is likely.

Posted by: on that fence at January 16, 2008 3:42 PM

I have a different take on this- After a "hard hat" tour conversation with one of the sales staff, I sense that with the completion of the models the owners are confident of the market and their product. I saw a great deal of activity and progress which I found impressive.

Posted by: pam at January 16, 2008 11:20 PM

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