A developer of new homes with views of the Atlantic Ocean, in a luxury American condominium scheme has created its own ‘stimulus package’ of deals to kick-start sales.
Following a recent trend of government bailouts and financial sweeteners, Buccini Pollin Group has devised its own list of measures to tempt luxury real estate buyers.
The firm is offering a limited-time deal on sales of the next ten homes in Rivendell, Ocean City , a Maryland project.
It includes offering the plush real estate opportunities at what it calls “bare bottom” lows, plus paying closing costs and seller financing up to 90 per cent.
Buccini Pollin Group said with mortgage rates reaching new lows, it expected the ‘stimulus package’ to instil a “stronger sense of buying urgency” for the beach resort homes.
An elegant waterfront real estate development, Rivendell includes a state of the art fitness centre and indoor and outdoor pools. Three and four-bedroom condominium homes are priced from $489,000, with verandas and waterfront views.
Real estate in the Ocean City area is popular thanks to the views of Assawoman Bay and the Atlantic Ocean, with some homes in the scheme boasting views of both.