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 Announcing a New Vacation Directory

Condo Experts Announce New National Preconstruction Directory

New website allows condo investors to compare areas and markets, and view the top resorts in each state to decide where they would like to buy pre-construction condo projects.

New Resorts LLC in North Myrtle Beach is the number one source in the Myrtle Beach/Grand Strand area for preconstruction condos and hotel conversions. Headed up by David O'Connell, the company has always had a policy of being available to would-be investors for answering questions and helping new investors to understand the preconstruction process.

"Our employees have joined real estate forums, and investment sites that provide a good resource for buyers and speculators. Several of these informative websites allow investors, developers, sellers, and buyers to come together and help each other.", says O'Connell. "We have created groups and blogs to provide a format for announcing new investment real estate opportunities, and feel an obligation to provide answers to anyone who would like to find out more about this kind of an investment. Actually, we enjoy talking about it because we love what we do."

Because so many people are not sure of where to buy resort property, and today's "buzz-word" is "bubble", O’Connell’s team has created a Preconstruction Condo Directory called Preconstruction Condos.com and hope to attract the top real estate agents in major cities that can showcase the new construction projects for their area.

"We are only looking for the agents at the top of their game in the preconstruction or new construction investment properties to participate in this project. Anyone who comes aboard now will have a free page for at least a year, in which they can post photos, contact information and direct links for their own website." O'Connell advises.

As the site progresses and states begin to fill up, agents will be charged a moderate fee, based on the size of the page and, perhaps the popularity of the state. The New Resorts team hopes this new website will help to educate the public, and be a great tool for buyers and sellers alike; in contrast to the media hype constantly predicting doom and foreclosures on the horizon.

Currently, preconstruction in Myrtle Beach is at an all time high. New Resorts alone has about 8 projects in various stages of progress right now, including the renovation/conversion of The Coral Beach Hotel, The Sea Mist Resort, and a new “South Beach” type project that hasn’t been given a name yet. New Resorts invites all interested parties to contact them for information and reservation policies – the sooner the better – as the best projects sell out in days and sometimes even hours from when they are officially released.

The next few months will bring some of the best resorts and opportunities for investing that Myrtle Beach has seen so far.

“The prices of Myrtle Beach real estate are escalating with every new project that comes along, but they have not even neared the prices in places like Sarasota, Florida or Las Vegas. Whatever “bubbles” that come up are not likely to involve the South Carolina coast any time soon, according to what we are seeing so far.” advises O’Connell.

“Of course we think Myrtle Beach is the best investment area in the nation, and we hope buyers will become familiar with other areas and then agree with us!", he says with a smile.

Lakefront Real Estate - Condos for sale - Development 70% Sold Out

German Creek Condos', a three-phase lakeside condo development on Cherokee Lake in Grainger County, Tennessee, is 70% sold out of Phase One.

German Creek Resort is a pre-construction condos'' real estate development, with Phase One due to be completed by the end of 2006. “Pre-construction condos for sale are considered to be an excellent ‘ground floor’ opportunity for investing in real estate because of the discounts available before construction begins.

Phase One of The German Creek condos' resort contains 64 lakefront mid-rise luxury condos for sale, either 2 bedroom/2 bath or 3 bedroom/3 bath, beside Cherokee Lake. Phase Two and Three are 144 mid-rise luxury condos for sale of 2 bedroom/2 bath and 3 bedroom/3 bath units with views of the Appalachian Mountains and Cherokee Lake.

The German Creek lakeside condo development includes luxury amenities like:

Construction of the German Creek Condos is planned to begin in August 2005, with the first building completed by August 2006. However

The Bluffs at German Creek Resort will make a great place to live or a vacation home.
 

Preconstruction Real Estate Investments - "Buy Now, Pay Later"

Cash in on pre-sale profits in the country's five hottest real estate markets: Las Vegas, Myrtle Beach, Sarasota, Austin and Tucson. Small deposits on preconstruction properties can bring huge payoffs in appreciation for investors who purchase before building commences in the cities with soaring prices.

Preconstruction condos are selling at a breakneck pace. The release of phase I of Prince Resort at the Cherry Grove Pier was evidence of that when it was sold out ($53,000,000) in the first 48 hours. Investors are snapping up 2 to 3 units at a time, as the Myrtle Beach condos market continues to be one of the most undervalued preconstruction condo markets in the country. Real estate investments continue to be one of the safest investments an individual can make in this day and age. "Getting in early on a preconstruction project can assure the investor of paying the lowest price, and of course, choice of units," says David O'Connell of NewResorts.Com, who has dominated the Myrtle Beach market for the past 7 years. He is about to release a $60,000,000 oceanfront condominium project in the next few weeks.

The sizzling Las Vegas real estate market is turning up the heat another notch. With over 80% of Nevada owned by the US government, land-starved developers are going vertical to meet the demand for housing in the fastest growing city in the United States. Presales of luxury high rise condos and "condotels" along the Las Vegas Strip are skyrocketing, with over 30 new high-end projects already in progress and more opening at the start of 2005. Developers are catering to sophisticated investors by offering a bundled package of lavish fully furnished units, onsite leasing agents and nightly rentals tied to the local casinos, and the return on investment for these Las Vegas condos is so high that many projects are sold out before ground has even been broken. Anticipated appreciation rates (which hit 30% this spring) are also fueling the buzz.

Some of the most expensive yet highly sought after property can be found in Sarasota, Florida. As a "city of the arts" and a tropical paradise, homes in Sarasota will always be in demand. Downtown Sarasota's bay front condos are the hottest Sarasota Real Estate right now. Within walking distance to Sarasota Bay, theaters, restaurants, upscale shopping, specialty stores and cultural centers world-class amenities are right at your doorstep. Prices range from $300,000 to $10,000,000 depending on location, square footage and water views, for a two bedroom/two bath condo. These top of the line extraordinary new condos offer breathtaking views of Sarasota Bay and the Gulf of Mexico. Inc. Magazine recently named Sarasota as "Florida's next big thing!"

Another hot area for investors is Austin, Texas real estate. Since the tech market crash of 2001, this jewel in the rough has been of strong interest to investors, especially those who are able to capitalize on their equity from other hot markets. It remains quite affordable for most first-time investors, with Austin homes and condos in the $100,000 to 300,000 range, as well as duplexes. Nestled in the beautiful hill country, Austin is scenic and serene, with a chain of lakes running from west to east and thousands of acres of devoted park land and nature preserves. According to Austin Realtors, the market seems poised to take off again in 2005, with the number of homes for sale dropping slightly in late 2004, and a frenzy of home buyer activity occurring during this holiday season. All in all, one would do well to consider the up-and-coming Austin real estate market as part of a savvy investment portfolio.

And meanwhile, out in Tucson, Arizona, the local real estate market is also heating up, according to Brenda O'Brien, a top Tucson Realtor. While homes in Tucson are still reasonably priced, they are starting to climb at double digit rates. October listings in the Tucson Real Estate Market decreased 20% from October 2003, and the average price of a home in Tucson was $211,240, according to the local Association of Realtors. This represents an increase of 13.4% over last year's average price. Tucson new home sales are also booming, and great homes can still be had in the $300,000 to $500,000 price range. Retirees from all over the country are choosing Tucson for the perfect weather and reasonable home prices, which add to the investment potential.

By going to contract prior to construction in any of these cities investors should be able to benefit hugely from the projected appreciation increases before even closing on their purchases. Those who purchase multiple units in several projects should do exceptionally well in 2005 before rising inflation costs drive prices up even more.