Coldwell Banker NRT Development Advisors, which manages marketing and sales for the property, ignored traditional real estate marketing practices to sell the units and instead tapped its global network of brokers to identify potential investor buyers.  These investors shared the company’s vision of Mosaic at Millenia as an attractive purchase with the opportunity for  a positive cash flow in an enviable area (near local attractions, a high-end mall and more).
“Securing contracts for these tenant-occupied condos was only half of the process,” said Alec String, Coldwell Banker NRT Development Advisor’s Florida vice president of sales.  “Much of the Mosaic at Millenia’s success can be attributed to the sales team’s follow-up process, as they had to oversee each time-intensive step from contract to closing to ensure it was seamless process for the investor buyers.  The team’s deep relationships with the investor representatives and title companies were key.”

The one-, two- and three-bedroom homes at Mosaic at Millenia – which feature private patios/balconies, 9-foot ceilings, crown moldings, chair railings, assigned parking, designer kitchens, valet trash service and alarm systems – are listed from the high $60,000s to the high $90,000s and have historically offered a return of $700 per month in rent.  The community is located within a Greenbelt area, yet only walking distance to Mall at Millenia’s boutique shopping and restaurants, and includes a lighted tennis court, pool, business center, media room, outdoor grilling area, sand volleyball court, billiard room, theater room and playground.

Mosaic at Millenia’s sales manager, Joe Wake, can be reached at 407-493-6736 (office) or 407-493-6736 (cell). The community is located at 3573 Conroy Road, Orlando, FL 32839. www.MosaicAtMillenia.com

How do you catch a falling knife? You don’t, if you’re smart, you pick it up off the ground.

How do you invest in real estate when the asset value is in free fall? Here is the good news: the ground or bottom may now be in place.  Over the past year many persons have been investing in real estate and have found their purchases to be good investment decisions. Moving forward buying now will still lead to a wise real estate investment! Take advantage now!

According to The Case-Shiller index of average home prices in 20 major cities, prices have not only stopped falling but have increased seven straight months on a seasonally adjusted basis. This sentiment is echoed by many real estate brokers that also believe pricing has stabilized and buyers’ confidence in the value of real estate has started to return.

However, we should expect a bumpy ride as foreclosures continue to add inventory and further challenges to the housing recovery continue.  Therefore, it is always wise to choose a sales and marketing company that understands the reality of the market.