Benefits of the program include the opportunity to move in with a 10 percent deposit, and remaining 90 percent due within 12 months, plus sale of buyer’s existing residence with no listing commissions
Coral Gables, Fla. (April 2018) – A new concept in concierge-style real estate services by MG Developer, a boutique residential development company, is allowing luxury buyers unprecedented flexibility in both the use of their funds to purchase a new residence, as well as flexibility in the disposition of their existing home.
The program is currently available to qualified buyers of MG Developer’s luxury boutique developments, including the now-completed Biltmore Parc and Beatrice Row, which will be completed and ready for occupancy by this summer. Both projects are part of MG Developer’s larger 150,000 square foot planned residential community called Biltmore Square, which will include a total of four residential developments.
Concierge service benefits include:
- The opportunity to move in to the new residence with 10 percent down, and the remaining 90 percent due within 12 months. This allows buyers use of 90 percent of their funds for a full year, and affords them the time to sell their existing home with greater peace of mind.
- For buyers who list and sell their existing home through MG Real Estate Group, sister company to MG Developer, the listing commission that would have been due to MG will be applied to the purchase price of an MG Developer residence, further reducing the overall cost of their new home.
- MG will coordinate design and décor services for buyers moving into a new residence – including closets, furniture, window treatments, and other décor – with the option of completion prior to moving in.
“This program provides a rare opportunity for buyers to purchase and move-in with only 10 percent down, then take advantage of an up to 12-month closing period which allows them use of that capital towards other investments,” said Alirio Torrealba, CEO of MG Developer. “The remaining 90 percent can be utilized to generate additional returns, further reducing the ultimate purchase price of their new home.”