Comments on: Solaire Auction Deemed a Success http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/?utm_source=rss&utm_medium=rss&utm_campaign=solaire-auction-deemed-a-success Orlando's Real Estate Pulse... Thu, 02 Feb 2012 16:18:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Greghttp://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/comment-page-1/#comment-2229 Greg Wed, 19 Mar 2008 18:31:56 +0000 http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/#comment-2229 Was there a minimum price and if so, was that disclosed in advance of the bidding? Was there a minimum price and if so, was that disclosed in advance of the bidding?

]]> By: Lauriehttp://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/comment-page-1/#comment-2216 Laurie Wed, 05 Mar 2008 15:50:02 +0000 http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/#comment-2216 I am happy to see the success of the solaire auction. I live down the road at the Vue. So we were all watching to see what was going to happen. I still stand by my statement, that Gen Y will save the Downtown Orlando Condo market. They really want this lifestyle. Their education and tech acumen will give them the financial resources needed to afford to live downtown. If you have not been to Wall St. lately, it is packed with 20 somethings and I cannot see them moving to the Burbs.(EVER) Please tell me if you agree or not? I just hope the developers of the Towers understand the current market and adjust their goals. People just need the "perception" of value. I am happy to see the success of the solaire auction. I live down the road at the Vue. So we were all watching to see what was going to happen.
I still stand by my statement, that Gen Y will save the Downtown Orlando Condo market. They really want this lifestyle. Their education and tech acumen will give them the financial resources needed to afford to live downtown. If you have not been to Wall St. lately, it is packed with 20 somethings and I cannot see them moving to the Burbs.(EVER) Please tell me if you agree or not?
I just hope the developers of the Towers understand the current market and adjust their goals. People just need the “perception” of value.

]]> By: P.L.http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/comment-page-1/#comment-2214 P.L. Tue, 04 Mar 2008 21:29:08 +0000 http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/#comment-2214 Wow, thats a pretty picture, who wouldn't want to buy a condo in Solaire? Cheap prices as well. Wow, thats a pretty picture, who wouldn’t want to buy a condo in Solaire? Cheap prices as well.

]]> By: Marcus Burkehttp://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/comment-page-1/#comment-2213 Marcus Burke Tue, 04 Mar 2008 13:21:45 +0000 http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/#comment-2213 Nice analysis Steve. I do think it's possible that most will close though, simply because (and perhaps only because) each of the buyers is an "end-user", was financially qualified before hand, and knows exactly what they're getting into. These are all folk that always <em>wanted </em>to live at that building but just couldn't (or didn't want to) afford the cost. And while I agree that there is a shortage of young yuppies with high income in Orlando (certainly not enough to fill all those downtown condos) I do think that there are at least thirty. Was it value for money for the developer? Who knows - but they did sell over $8MM in real estate in under 90 mins! And that might be enough to keep their lenders happy and off their backs for a few more months... Nice analysis Steve. I do think it’s possible that most will close though, simply because (and perhaps only because) each of the buyers is an “end-user”, was financially qualified before hand, and knows exactly what they’re getting into. These are all folk that always wanted to live at that building but just couldn’t (or didn’t want to) afford the cost. And while I agree that there is a shortage of young yuppies with high income in Orlando (certainly not enough to fill all those downtown condos) I do think that there are at least thirty. Was it value for money for the developer? Who knows – but they did sell over $8MM in real estate in under 90 mins! And that might be enough to keep their lenders happy and off their backs for a few more months…

]]> By: Steve B.http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/comment-page-1/#comment-2212 Steve B. Tue, 04 Mar 2008 05:24:38 +0000 http://www.condometropolis.com/blog/2008/03/03/solaire-auction-deemed-a-success/#comment-2212 Marcus - I have a feeling that out of the 30 units sold, only about half of them will actually be solidified as purchases....as in many transactions in real estate, there are still lenders, underwriters, and appraisers that must first be satisfied before all else. Do you think the auction was worth the money in media buys(radio, newspaper, print ads, adwords, internet ads...etc) the developer spent to market this auction?http://www.orlandocondo411.com Marcus – I have a feeling that out of the 30 units sold, only about half of them will actually be solidified as purchases….as in many transactions in real estate, there are still lenders, underwriters, and appraisers that must first be satisfied before all else. Do you think the auction was worth the money in media buys(radio, newspaper, print ads, adwords, internet ads…etc) the developer spent to market this auction?

http://www.orlandocondo411.com

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