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Plano, Texas - Luxury Town Home Builder Reacts to Slower Market by Expanding Purchasing Options

Plano, TX (PRWEB) September 25, 2007 -- Mockingbird Building Group is offering a "match your down payment" program where the buyer can save up to $15,000. Mockingbird is also offering prospective purchasers a lease with an option to purchase where $400 of each month's rent can be applied to the purchase price of the town home. They are also creating a new line of town homes that is more affordable and still maintaining the quality designs shown at Chase Oaks Village.

Chase Oaks Village, http://www.Chaseoaksvillage.com , responds to the slump in new home sales by creating a three prong approach to suit many buyers including matching the down payment, lease-options, and the creation of a new line of town homes wherein Chase Oaks Village, will have town homes from 1,200 sq. ft. to 2,025 sq. ft.

Mockingbird Building Group has found through extensive marketing analysis that many buyers are sitting on the sidelines wondering if this is a good time to buy or not. According to Mr. Vexler, President of Mockingbird Building Group, there is no better time to buy. Interest rates are still at historical lows.

Probably the most important fact that the media and prospective buyers don't realize, is that a home that was built six months ago, will cost considerably more to build in today's market as a result of rising demand for supplies in China including steel and cement. New home prices are going up, not down. Plano and Texas in General does not suffer from oversupply of lots or housing, and in fact has job growth and population growth and that leads to absorption. The market is going to wake up in February and March and find out that the buying opportunities are gone and we are back to normal market conditions and that many buyers missed the golden opportunity.

Mockingbird created these new approaches in order to accommodate the desires of buyers. They have adjusted their line up of new luxury town homes to include more affordable living spaces, while maintaining the quality of the layout and facades. Mr. Vexler claims, "With town homes priced from $178,000 to $249,900, there are simply no comparable town home communities, in terms of location or quality in Plano." The lease with an option to purchase gives out of state buyers an opportunity to live in a community that they desire while giving them the time to learn and adjust to a new city and state. The range of town home sizes offers something for most town home buyers?. a triple approach to accommodate even the most discerning of buyers.

Mr. Vexler says, "We are adjusting to the change in the current housing market based on what our buyers are telling us they need. By meeting this current demand, Chase Oaks Village will continue to be a leader in this marketplace.

Mockingbird Building Group is a leader in the Plano new townhome marketplace. Their website, http://www.mockingbirdprop.com , showcases the creativity of Mockingbird.

Contact Info:

Name: Jeanette Moore

Address: 309 Metropolitan Dr.

City: Plano

State: Texas

Country: United States

Zip: 75023

Web Address: http://www.chaseoaksvillage.com

Phone: 972-517-1100

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