UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Ivory Homes IN SLC willing to Deal

Posted by UtahCribs, Real Estate, Homes on April 10, 2008

We all know the market has been down.  I have many Buyers telling me they are going to WAIT to buy until it CRASHES.  Well believe me, we are experiencing the low.  Now is a great time to buy, just a BAD time to sell if you have to.

Here I am posting the latest update from Ivory homes.  You will see TWO attachments.  The first is a list of ALL their currently BUILT SPEC homes they are willing to sale at huge discounts.

The second is a list of their MODEL homes they are willing to SALE to you and then LEASE BACK FROM you for a 12% return!  Meaning……to make the math simple, the house costs $400,000; you buy it from them and they will lease it back from you for $4000 a month (until they are done with the subdivision, usually a year to two years)!

This is a killer opportunity, you tell me where any of you are getting a 12% return on your $$ right now!




3 Responses to “Ivory Homes IN SLC willing to Deal”

  1. Interesting to see how people are trying to “sweeten the deal” for any prospective buyer. This would be a great invetsment in the Salt Lake area.

  2. Adam Breen said

    This really could be a great investment for anyone. Builders and Real-estate agents are offering the best deals they can in order to get the “average consumer” believing that the market is still good in SLC and surrounding areas. I currently work for a builder similar to Ivory (but quite a bit smaller) in the Ogden and surrounding area, and I have tried to get the Owner to let me buy one of his model homes for a lease back option. the owner of Nilson Homes will not sell because he feels they are a growing investment within his own pocket. I guess Ivory just has TOO many homes to try and float. I think it would be great for anyone who is looking for a “rental home” where the rentars WANT the house to look as perfect as possible, ALL THE TIME!

  3. tim dahle said

    I would only have 2 questions?
    1. where are the homes located?
    2. where are you selling the homes in relation to appraisal?
    Thanks, Tim

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