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Signature Place back on track

Notes from Rob.

Since the March auction, sales at the Signature Place condos in downtown St Petersburg were moving along at a brisk pace.  At last count, 198 of the 244 units have been sold and another 15 were under contract.  I was very happy as 5 of the sales were with clients of mine and each of them is very happy with their purchases.  As sale number 6 came up, everything was put on hold due to a disagreement between the developer and the title company.  Needless to say my clients and I were not happy.  But I was still confident things would get resolved and I continued to show my clients the building.  Of course, while on hold, new contracts could not be written.  Very frustrating for clients who want to buy.  Had two clients on “hold.”  Luckily, last Tuesday evening I opened an email to find out everybody was happy again and signing Kumbaya together.  Contracts were quickly written and closings scheduled.  As of today, only 16 units are left and they are on the lower floors (one exception for $639,000) and little to no view, but a 1-bedroom, 1 1/2 bath unit with a den can be had for only $165,000.  It is take it or leave it, as the developer has set the prices and will not budge, will not throw in curtains, will not pay your closing costs (I’ve tried them all).  It looks like people are buying and it won’t be long before the building is sold out, which will be a great turn around for the building over the past year.  If you are interested in seeing any of the last 16 units, give me a call and I’ll get you in.

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