Comments on: Cousins Unveils Buyers Assurance Program for 10 Terminus Place

By: Kevin Grieco

Kevin Grieco — Sat, 28 Mar 2009 00:17:15 +0000

Jobe, anyone who has a doubt about purchasing a home shouldn’t purchase period. Developers would never refund 3/4 of the purchasers down payment, they would be out of business! Real estate is like the stock market, it’s a risk. You don’t know if it’s going to pay off in the end – there are no guarantees. That’s why I always tell my clients think long term, buy what you love and plan on staying there for a while.

By: Chris

Chris — Fri, 27 Mar 2009 15:51:34 +0000

I say it’s certainly better than what other developers are offering, which last I checked is…nothing. Plus, 10 terminus place is a great building in a superb location. Obviously no one can predict the future, but Cousins must feel very confident about their product and its location to even offer such a deal.

By: Jobe

Jobe — Fri, 27 Mar 2009 15:00:55 +0000

Yeah, I hear you on that, but what’s frustrating is that if someone thinks they may need to walk away from it within 3 years (knowing full well the likelyhood of them reselling it is going to be a challenge), they shouldn’t buy it to start with. Maybe that person should be looking to rent instead. Or maybe Cousins should really go out on a limb and offer to refund 15% of that 20% down. They can use the 5% to bring the home back to “like new” condition. I do give them credit for trying something unique and putting a spin to it that gets attention. Hope it works. This entire market needs sales.

By: Kevin Grieco

Kevin Grieco — Thu, 26 Mar 2009 23:36:22 +0000

Rather than face foreclosure or bankruptcy, you have the option to walk without damaging your credit. Even if you have to eat your down payment, it’s better than 7 years of bad credit. But if you decide to stay and the home appraises for less than your purchase price after three years, they will refund a portion of your money.

By: Jobe

Jobe — Thu, 26 Mar 2009 21:22:15 +0000

From what I understand, they keep your down payment if you move out. So yes, it won’t hurt your credit, but you’d be forced to walk away from a lot of money. 20% of, what, $350 sq/ft? Ouch. Not sure what makes this compelling or unique.

By: Chris

Chris — Wed, 25 Mar 2009 16:28:38 +0000

good to be back in georgia and this news by cousins is music to by hears, novare group are you listening?!?!?

By: Kevin Grieco

Kevin Grieco — Tue, 24 Mar 2009 22:50:55 +0000

It’s great news and much needed news. Other projects aren’t willing to bend at all, nor are they willing to put their money where their mouth is. Terminus was already a solid purchase in my eyes. This is just icing on the cake. Yes, there are still a lot of unknowns, but just to have the option to walk away without damaging your credit is worthwhile to consider.

By: Kelly Guidry

Kelly Guidry — Tue, 24 Mar 2009 22:39:58 +0000

Kevin, Your response to our news today makes me smile! I am so glad that you posted this on your blog! Thanks!