Villa Valencia in Mansion Global Online
August 6, 2020.
Villa Valencia was featured in Mansion Global article titled “New Developments Throw in Free Parking Spaces, Years of Maintenance Fees as Sales Concessions”.
From the article:
For the past several months, wealthy buyers in search of safety and personal space have flocked to vacation and single-family home markets across the country, leaving some new condo developments out in the cold.
And for buyers still interested in vertical living, there’s never been a better time to negotiate. But rather than offering overt discounts, many developers are bridging the gap with unusually dramatic concessions, covering items such as closing costs and decorating expenses to free parking spaces worth tens of thousands of dollars.
Villa Valencia, a development in Coral Gables, Florida, is offering to finance the buyer’s 50% deposit at a rate of 0%. “We’ll finance the deposit at zero cost, with security against the buyer’s first mortgage,” said Rishi Kapoor, CEO of Location Ventures, the project’s developer.
“It takes out that calculus of thinking, ‘I don’t want to move money.’ We’re
giving them 90 days post closing date to be able to pay off the mortgage, giving them time to list their house and work through the uncertainty in the market.”
Situated on the private side of Coral Gables, Villa Valencia features thirty-nine luxury condominium residences that offer a rich city lifestyle with the privacy of boutique living. The residences at Villa Valencia, each with at least one corner exposure, rise to 13 stories, crowned with two lower penthouse levels and one grand penthouse in the sky.
A sense of place. An air of history. A feeling of belonging. No other residential experience in South Florida provides all of this quite like Villa Valencia. In the heart of Coral Gables – a deeply rooted community of exceptional beauty and wonderful people – a unique lifestyle offering is taking shape.
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