Pasadena Condo Market: 2008

Thursday, December 4, 2008

Posada AIDS Walk

Posada AIDS Walk is a candlelight walk of remembrance, celebration and hope.
Participants will stroll through historic Pasadena visiting venues such as churches and museums. Each venue will feature entertainment and displays of panels from the AIDS Memorial Quilt project.Walkers return to City Hall and join in a candle lighting and chalk tribute to honor those living with HIV/AIDS and to remember those who have passed.

AIDS Walk is on December 6, 2008 and benefits the AIDS Service Center (ASC) in Pasadena, the second largest AIDS service provider in LA County.

More information can be found at http://www.posadaaidswalk.org/ and http://www.aidsservicecenter.org/

To find out more about more about condos or real estate in Pasadena please visit our agent web site at http://www.DavidandPei.com or you can call us 626.922.4268 for a no obligation tour of Pasadena neighborhoods and its fantastic new construction and resale condos and townhouses.

Castle Green Holiday Tour

The Castle Green is truly one of the great properties in Pasadena. From the http://www.castlegreen.com/ web site:

Among Pasadena’s many claims to fame is the beautiful, and to some, mysterious, Castle Green, built in 1898 as an annex to the resort Hotel Green.

Now privately owned apartments, the building will be open for its annual Holiday Tour on Sunday afternoon, December 7th.

One of Pasadena’s last historic hotels is now the private residence of designers, musicians, artists, collectors, and other dwellers. Those interested in history, creative interior design and cultural heritage will see the original interior of this unique city landmark, normally closed to the public. While trained docents will be available, you may walk at your own pace through the original public rooms and over 20 individual apartments, all differently interpreted for the holidays. See the Grand Salon, the Moorish and Turkish Rooms, the Palm Room, Sunroom and Veranda, the open cage elevator, fireplaces, hand-carved woodwork, and marble staircases, the bridge and penthouse, and artist studios.

A 12-foot Scotch pine and holiday music will welcome visitors entering the Grand Salon. Sweets and cider, coffee, food and wine sampling from local caterers, will also be provided. The semi-annual tours of the Castle Green are organized by volunteer members of the nonprofit support arm, Friends of the Castle Green, whose mission is to provide and implement restoration to the building.

All funds raised through the tours and merchandise sales are dedicated to the preservation of this landmark building.

What: Castle Green - Holiday Tour

When: Sunday, December 7th, 2008

Where: 99 South Raymond Ave. Pasadena 91105

Time: 1:00pm to 5:00pm (rain or shine)

Cost: $20.00* adults, children under 12 are free.

More Info: 626-577-6765 (Public may call)

Sunday, November 23, 2008

The Holiday Season Kicks off in Old Town

Start your holiday season right by celebrating in Old Town.

On November 28 from 4-9, Pasadena’s Old Town will be kick starting the festivities with live reindeer, a classic train, holiday caroling, 30 tons of real snow, and Santa, of course.

The Old Town Tree Lighting Ceremony caps off the evening at One Colorado.

Admission is free so bring your kids your friends’ kids (okay, maybe not your friend's kids....)

Tuesday, November 11, 2008

Fall Home Maintenance Checklist

Outside the House
Prune back any tree or bushes that touch the house, especially the room
Clean gutters
Apply caulk or weather stripping to windows, if needed
Inspect roof or chimney

Inside the House
Have heating system checked
Install clean air filter

Sunday, November 9, 2008

Belleme Terrace – Prices Reduced AGAIN!

The stunning Belleme Terrace complex has been reduced. This is your chance to get one of the nicest units in all of Madison Heights at a great price. The developer may even carry the loan at a rate below the current market rate.

Stop by Satudays and Sundays from 1-5 pm for a personal tour.

Fulfill your dreams in this majestic French Chateau located in the exclusive Madison Heights district of Pasadena. Sixteen stunning townhouses offer living at its most refined. Stroll through the elegantly landscaped courtyard with reflecting pools and fountain to your own private chateau. Soaring nine foot ceilings, custom stone fireplaces, and Anderson wood floors accent the bright and open floor plans. Stunning gourmet kitchens shimmer with imported granite counters, premium limestone flooring, custom beech wood cabinetry, and stainless Viking appliances. European baths feature white Carrera marble, travertine flooring, and a generous soaking tub. Large Milgard windows and French doors lead to extravagant balconies bounded by rich wrought iron overlooking the enchanting courtyard. The best of Pasadena is within easy reach – from the business and shopping districts to freeways and Metro Gold Line. This is your chance to live like royalty! Please contact agents directly with any questions or to schedule a showing.

For more information, please visit http://www.bellemeterrace.com/.

Saturday, November 1, 2008

Please remember to VOTE!

With the current state of the union, your voice has never been so critical.

Remember that it’s a privilege that we in the US have the right to vote for self-determination. We aren’t going to tell you how to vote, but we will remind you not to take this right for granted.

Please vote Tuesday, November 4. And tell all your friends and family. Even the ones that you might not agree with. This election is too important.

Wednesday, October 29, 2008

Harkness Village – LAST UNIT REDUCED!

The last available unit at Harkness Village has been reduced down to just $379,000!

In fact, the unit may be eligible for 3.5% down FHA spot approval financing. The developer can even credit a portion of that for closing costs or other incentives. If that doesn’t work, the developer may even carry the loan at a rate below the current market rate.

All of this makes this too good to pass up.

On a beautiful tree-lined street in the heart of Pasadena lays Harkness Village, a lovely set of magnificently updated and original townhouses. The unit features stunning new gourmet kitchens overflowing with black galaxy marble counters, custom cherry cabinets with glass doors and lazy susans, stainless Frigidaire appliances, recessed lighting, and stainless sinks and fixtures. Bathrooms are tastefully updated with natural marble counters, custom cabinets, and hand laid ceramic tile. The floorplans are open and bright, which highlight quality flooring, crown moldings, recessed lighting, and oak railings. Bedrooms feature customized multi-shelf/rack closets. Each residence boasts newer central air conditioning and beautiful private patios that are perfect for outdoor dining. Village enjoys many amenities sought by the discerning buyer including guest parking, additional storage space, and in-unit laundry facilities. All this for one of the lowest prices in Pasadena and just moments away from Pasadena City College, Old Town Pasadena, South Lake Business District and more!

For more information, please visit http://www.harknessvillage.com/.

Monday, October 27, 2008

Be a Part of Pasadena’s First Marathon!

With all of the great things that Pasadena has to offer, it’s surprising that this is the first year that we are doing a marathon in our great city.

Now you can sign up to do the marathon, half-marathon, 5K, bike tour and walk/run of historic residential neighborhoods, Old Town, gardens, and cultural landmarks.

The marathon starts at Sunday, November 16 at 7 a.m.

The best thing of all is that beneficiaries of the event include the Pasadena Arts Council, the Pasadena Educational Foundation, and Pasadena forward.

You can register at http://www.pasadenamarathon.org/

Tuesday, September 9, 2008

Operating Rules

Operating rules are sometimes known as “rules,” house rules,” or “regulations”. They are passed and amended by the Board of Directors and do not require membership vote. However, they do need to be distributed to the membership in written form and cannot conflict with state laws or governing documents.

Wednesday, September 3, 2008

Bylaws

The bylaws do not address issues specifically with the property. Instead, they contain association’s governance procedures and corporate operations. Things such as annual meetings, voting procedures, officers and directors, etc. are usually found in the bylaws.
If no bylaws can be found, they are not a public document and no way to retrieve them.

Friday, August 22, 2008

Covenants, Conditions and Restrictions (CC&Rs)

Convenants Conditions and Restrictions (CC&Rs) are also recorded and are a public document. If your association is missing a recorded official copy, your title company can get it for you.

In a nutshell, the CC&Rs cover how the property is to be used and taken care of. They bind the owners contractually to the project. Even if you didn’t receive a copy of it during escrow.

The CC&Rs contain “Use Restrictions” on a variety of issues such as pets, parking, and even rental. Sometimes they contain restrictions on flooring as well. CC&Rs also include what the association will maintain and repair and what the individual owner is responsible for.

CC&Rs are amendable subject to the voting guidelines stated in the CC&Rs. Usually the voting guidelines are high.

The CC&Rs are usually one of the most important documents because it does limit what the property owners are allowed to do.

Tuesday, August 19, 2008

Articles of Incorporation

The Articles of Incorporation is a document that establishes the legal “person” for the community association. It is filed with the state and is by definition public and can be requested to the Secretary of State for California. The articles give the name of the association, and clearly states that the association is non-profit mutual benefit corporation formed to manage a common interest development. They are amendable, but this happens very infrequently.

Tuesday, August 12, 2008

Subdivision Map or Condo Plan

Subdivision maps divide the land into “lots” in a planned development. The condominium plan breaks up the land or airspace into “units.” Both types of documents are recorded with the county recorder and are public record. The map or plan defines “common area” or “exclusive common use area” versus “separate interests” (lot or unit). That way, areas such as balconies and/or patios are defined.

Friday, August 8, 2008

16 New French Chateau Townhomes in the Heart of Pasadena!

We wanted to let you know about our latest listing - Belleme Terrace! The complex is lated at 968-978 South Marengo Ave. and is open weekends, Saturday and Sunday from 1pm to 5 pm.

Fulfill your dreams in this majestic French Chateau located in the exclusive Madison Heights district of Pasadena. Sixteen stunning townhouses offer living at its most refined. Stroll through the elegantly landscaped courtyard with reflecting pools and fountain to your own private chateau. Soaring nine foot ceilings, custom stone fireplaces, and Anderson wood floors accent the bright and open floor plans. Stunning gourmet kitchens shimmer with imported granite counters, premium limestone flooring, custom beech wood cabinetry, and stainless Viking appliances. European baths feature white Carrera marble, travertine flooring, and a generous soaking tub. Large Milgard windows and French doors lead to extravagant balconies bounded by rich wrought iron overlooking the enchanting courtyard.

The best of Pasadena is within easy reach – from the business and shopping districts to freeways and Metro Gold Line. This is your chance to live like royalty!

Friday, August 1, 2008

The Home Owner Association (HOA) Governing Documents – What are they and why should I care?

When you buy into a condo, you always get the condo paperwork, which includes a huge stack of papers that buyers usually don’t read. But you really should review the HOA governing docs. You may not read them item by item, but you should be familiar with what they are and what they accomplish.

The HOA governing documents are the articles of incorporation, covenants, conditions, and restrictions (CC&Rs), bylaws, and operating rules. They may also include the subdivision map or condo plan.

We will be reviewing each of them and what they do.
To find out more about more about condos or real estate in Pasadena please visit our agent web site at http://www.DavidandPei.com or you can call us 626.922.4268 for a no obligation tour of Pasadena neighborhoods and its fantastic new construction and resale condos and townhouses.

Friday, July 25, 2008

The Home Owner Association (HOA) Residence – Planned Development

If the project is not a community apartment, a stock cooperative, or a condo, but it does have a common area and the ability to assess members, it is a planned development. One usually imagines that planned developments are track houses, but planned developments can be attached as well. In fact, townhouses can be planned developments. Again, you have to check the deed and the CC&Rs. CC&Rs usually identify the type of common interest development. In planned developments, they identify the buildings as “lots.”

Friday, July 18, 2008

The Home Owner Association (HOA) Residence – Condominium

In a condo, the property is split into two theoretical parts. There is the residential component, or the “units,” which the law refers to as “separate units.” Everything else that is not the unit is referred to as “common area.” The separate interest or units are usually defined by another recorded document, the Condominium Plan or Subdivision Map. The exact specifications of the unit may vary – it may be the airspace inside the walls of the building or it may include the building but not the land under it. Be aware that balconies or patios may or may not be part of the unit.

There is a mistaken belief that condos are always attached housing – this is not true. There are several older cottage-type complexes in Pasadena that are individual detached homes that are condos. You must always check the deed and the CC&Rs. A condo also is determined by the name of the separate real property interest that is conveyed. If the deed conveys a “unit” and an undivided equal interest in the common area, it is a condominium.

Monday, July 14, 2008

The Home Owner Association (HOA) Residence – Stock Cooperative

The stock cooperative is commonly known as a coop. In a coop, the association is usually incorporated and the association owns the property. Each member owns a share in the association, which is coupled with the right to occupy a given residence.

Coops are not very common in California and I cannot think of a coop in Pasadena. However, they do exist and you should be aware of them and how they operate.

Wednesday, July 9, 2008

The Home Owner Association (HOA) Residence – Community Apartments

The community apartments or “own-your-own” is the simplest form of common interest development. The property is undivided legally, but the one piece of real estate has multiple residences on it. Each owner receives a deed, but not for their given residence. Instead, the owner receives a deed as a tenant in common on the entire property. In addition, the owner receives an easement or license with that deed, which details which dwelling the owner will occupy.

Although this is not very common in Pasadena, it does exist. I know of specific properties that still exist around Pasadena. These units are more difficult to get a loan on, and many lenders do not like community apartments because they have limited recourses on which to get their money back should the owner have financial difficulties. Do they take action on the entire project since the owner is only a tenant in common? Because of these types of issues and other issues, many of the properties that are community apartments are trying to convert to condos.

I would generally advise against buying a community apartment if you can. It is much easier to buy a condo. Condo laws are also much more defined. However, if you love the project, I just be aware of the issues surrounding a community apartment so you do not get blindsighted.

To find out more about more about condos or real estate in Pasadena please visit our agent web site at http://www.DavidandPei.com or you can call us 626.922.4268 for a no obligation tour of Pasadena neighborhoods and its fantastic new construction and resale condos and townhouses.

Friday, July 4, 2008

The Home Owner Association (HOA) Residence – What are the different types?

Over one third of the homes in the state of California are a type of common interest development (CID). In addition, almost all new housing developments in the state are CIDs.

Be careful not to judge a property based upon the appearance. You must look at the paperwork! There are stand alone homes that are actually part of HOAs. You have to look at the covenants on the property (also referred to as CC&Rs) to ascertain what of the four types of property that you might have.

The four types are community apartment, stock cooperative, condominium, and planned unit development / planned development. The real estate interest in each type is entirely different and you need to consider each type before you buy.

We will be covering each of the types in subsequent installments.

Friday, June 27, 2008

Are 1 Bedroom Condos a Good Investment?

In most suburbs, real estate agents usually counsel clients to buy 2 bedrooms. However, Pasadena is not most suburbs. There are plenty of young professionals who don’t mind purchasing one bedroom units.

When we sold the Gardens on Hill in 2007, the one bedroom units were the most popular units. We sold out within the first month and we wished that we had more one bedroom condos to sell because there is definitely a demand for these types of units.

There are young professionals out there who would prefer not to have a roommate and who like Pasadena and all of the benefits of living in Pasadena. After all, who wouldn’t like the cosmopolitan nature of Pasadena, but without the commute and congestion of the west side?

Friday, June 13, 2008

Definition of a Loft vs Condo

One of the most common questions that we get asked is “what is a loft?”

The strictest definition of a loft is a reused residential space that was originally used for some other purpose, such as commercial or warehouse. The Ostrich Lofts in South Pasadena are technically lofts because they were originally an ostrich farm. And it was an adaptive reuse of warehouse space.

The Raymond Lofts in Old Town Pasadena were partially adaptive reuse. They completely gutted the interior of the project leaving just the exterior shell. The developer literally rebuild everything and then added levels that were not there before. Yet I would argue they are lofts.

Pasadena is beginning to have new loft style condos. They aren’t truly lofts because they are not adaptive reuse. Also, there are usually partitions between the bedrooms and the living areas. Usually lofts are big open spaces that have can be used for kitchen, dining room, office, and bedroom. A pseudo loft are the Cinema Lofts in Pasadena since they recently opened. They are newly built from the ground up and have open spaces. But there is a division between the bedroom and living areas, although the kitchen, living and dining areas are completely open.

Tuesday, June 3, 2008

FHA Condos – Is Your Complex Approved?

FHA also does cover condos and townhouses for Pasadena real estate. If your complex is approved, then buyers can write up an offer without having to worry about inspections for the condition of the complex. It saves a lot of headache and allows you to skip some steps.

You can check online to see if your condo or townhouse is available by doing the following:
1. Log on to HUD website at http://www.hud.gov/
2. Click on Lenders under the Housing Industry header
3. Select Condominium Projects under Work Online header
4. Enter the pertinent info to determine if the project is approved.

Call or e-mail us if you have any questions about FHA approval.

Thursday, May 29, 2008

“Are Studios Good Investments?

Studios are condos that do not have a bedroom. Instead, there is just a general open living space. Most true lofts are a type of studio since there is generally no bedroom.

Studios sell very, very well in downtown and on the Westside where space is a premium. The quandary that real estate agents try to advise their buyers is whether or not a studio is a good investment in Pasadena.

Until recently, studios were very rare in Pasadena. We sold 2 studios when we sold the Gardens on Hill project in 2007. However, they were a very difficult sell since the average buyer who buys in the suburbs of Pasadena go there because they are the suburbs and they want more square footage for their money. Hence, most people are looking for 1 bedroom units.

However, we have seen the tides change and we think that studios are good investments for Pasadena. The Cinema Lofts are studios and they are selling quite well in the current marketplace. We think that the buyers in Pasadena just need to be educated about the benefits of living in a studio. It’s only a matter of time before they start thinking of studios are a good way to get their foot in the door for the condo real estate market.

Tuesday, May 27, 2008

May is Water Awareness Month

The Pasadena Department of Water and Power wants condo and townhouse owners to know that you can save hundreds, even thousands of gallons per month with a few simple changes:
- Turn off the faucet while you are shaving or brushing your teeth.
- Take shorter showers
- Wash only full loads of laundry or dishes
- Fix leaky plumbing right away
- Cut down on watering the common areas

You can find out more at http://www.pasadenasaveswater.com/.

Let’s do our part to help the environment by conserving water. Pasadena is one of the leaders in conserving power and water. Just another reason to love this great city with it’s fantastic architecture and real estate. Condo and townhouse owners can use up just as much water and power as single family homes so let’s all do our part to be an agent of change.

Sunday, May 25, 2008

Liquidation Sale at City View Gardens

This is another new construction condo and townhouse real estate project that we are selling. This one is located in Lincoln Heights, near Lincoln Park. From an exclusive gated entry emerges a stunning new collection of townhomes and condos. These fantastic new units offer a bright and open floor plan, generous master suites, fireplaces, private patios, and gourmet kitchens with granite countertops and stainless Frigidaire appliances. Breathtaking views of Los Angeles on select units.

The two bedroom units are starting at just $299,000! It’s an amazing price for new construction condo and townhouse units.

You can find out more at http://www.cityviewgardens.com/

Wednesday, May 21, 2008

Pasadena Bike Week May 12-17

Bike Week Pasadena highlights cycling as a great way to exercise, reduce traffic and air pollution, and save on money for gas. The city of Pasadena will give guided tours throughout the week and there is even an Urban Bicycle Commuter Expo on Satuday, May 17 at One Colorado.

What a better place to rely on a bicycle than Pasadena? The “City of Gardens” is such a pleasure to walk and bike around with wide tree lined streets and beautiful real estate with stunning architecture. With so much new construction of condos and townhouses, the city will only become more vibrant and desirable in the years to come.

Monday, May 19, 2008

Townhouse vs. Condo - What's the Difference?

One of the most common questions that we get asked is “What is the difference between a condo and a townhouse?” And they are usually surprised by our answer.

The general real estate agent answer is that the townhouse units are a subset of condos. A townhouse is a type of condo that is built side by side so that there is no one living above or below the owner. There is debate about whether or not there has to be a private individually attached garage to each unit. I think that there does not have to be individual attached garages in order for there to be a townhouse because many projects are no longer built that way due to the ability to squeeze in additional uses out of common subterranean garage. Also, there are new townhouse complexes with private garages for each unit within a general subterranean parking level. These also do not have direct garage access either.

Technically, however, the legal definition of a townhouse does not exist. It is construct to describe a type of condo. In fact, the Los Angeles Westside Multiple Listing Service (MLS) won’t even allow it as a definition at all. It’s only a condo.

In fact, when we sold the Hudson 141 complex, we described the fantastic upstairs million dollar penthouses units as “townhouse -style.” We added the “style” because the tri-level condo had owners who lived below the penthouses and were not townhouses. However, by calling them townhouse –style, people were able to envision a layout that was more easily defined than simply flat one level condos.

Saturday, May 17, 2008

Pasadena Showcase

This is the last weekend for Pasadena Showcase or "Pasadena Showcase House for the Arts." If you haven't see it, you have to see what the top designers in Los Angeles can do for the renovation of an estate home.

This year, the house is a 1922 Spanish Colonial Revival 10,200 sq. ft. marvel. Some of the things that I noticed was that the designers were a influenced quite a bit by the Spanish / Mediterranean motif and it made for a more interesting themes. In the past, quite often they were a bit too over the top with the country club motifs and this year it was refreshing to see the changes.

There were also quite a bit of stenciling this year - the the floor tiles, the walls, and ceilings.

The money goes to a worthwhile cause - The Pasadena Showcase has a music mobile program, a youth concert, and an instrumental competition. Last year they gave $772,500. You can find out more about them at http://www.pasadenashowcase.org/

It's always good to see what directions the top designers are taking. Real Estate is design is very adverturous and ever changing. Even in condos, interior design changes rapidly from year to year and people often end up with a certain "look" they like and build around a theme or store. Developers also look to see what the showcase brings to town and overhear the comments that people make.

To find out more about more about condos or real estate in Pasadena please visit our agent web site at http://www.davidandpei.com/ or you can call us 626.922.4268 for a no obligation tour of Pasadena neighborhoods and its fantastic new construction and resale condos and townhouses.

Wednesday, May 14, 2008

What the FHA?

The mortgage market has become very, very tight with regards to lending. Even real estate in fantastic areas such as Pasadena have been affected. As a result, most loans that are conforming (up to $417,000) require a 10% deposit and jumbo loans (over $417,00) are requiring 20% deposit. So it can be difficult even for those with excellent credit scores and a good source of income to get loans now.

Many are turning over to FHA loans now. FHA loans are insured by HUD and if a buyer gets and FHA loan, it is much easier to qualify. Some benefits include:
1. 3% deposit
2. Credit score is not important
3. Fixer uppers - the loan will actually include the costs to fix up properties

So how does one get an FHA loan for condos? Well, it depends upon whether the project is new or resale property. New condos need to be approved to get FHA. Resale condos should hopefully already be approved for FHA. What if a condo does not have FHA approval? We'll discuss that shortly.

We'll also cover what the seller can credit the buyer according to FHA guidelines and what they can't. Stay tuned.

To find out more about more about condos or real estate in Pasadena please visit our agent web site at http://www.DavidandPei.com or you can call us 626.922.4268 for a no obligation tour of Pasadena neighborhoods and its fantastic new construction and resale condos and townhouses.

Friday, May 9, 2008

Fantastic Buy

Harkness Village is a great buy for a 2 bedrooms extensively renovated townhome in the heart of Pasadena for only $399,000. The selling factors for this property are the fantastic location, in unit laundry, additional storage, and of course, the price.

We have the exclusive listing on this complex of 15 units and are over 2/3 sold right now. You can compare the property to what is on the market right now and you'll see what a great value it truly is.

"On a beautiful tree-lined street in the heart of Pasadena lays Harkness Village, a lovely set of magnificently updated and original townhouses. Many feature stunning new gourmet kitchens overflowing with black galaxy marble counters, custom cherry cabinets with glass doors and lazy susans, stainless Frigidaire appliances, recessed lighting, and stainless sinks and fixtures. Many bathrooms are tastefully updated with natural crema marfil marble counters, custom piano-white cabinets, and hand laid ceramic tile.

The floorplans are open and bright, which highlight quality laminate flooring, crown moldings, recessed lighting, and oak railings. Some bedrooms feature customized multi-shelf/rack closets. Each residence boasts newer central air conditioning and beautiful private patios that are perfect for outdoor dining. Village enjoys many amenities sought by the discerning buyer including guest parking, additional storage space, and in-unit laundry facilities. All this for one of the lowest prices in Pasadena and just moments away from Pasadena City College, Old Town Pasadena, South Lake Business District and more!

For more information, please visit http://www.harknessvillage.com/.

Monday, May 5, 2008

Welcome!

Welcome to the Pasadena Condos blog. We will be discussing condos in Pasadena and the surrounding San Gabriel Valley. Our focus is primarily on new condo developments, but we will also be discussing the condo market in general, including resale condos.

We are real estate agents that have been selling properties for a combined 20 years. We do sell all kinds of real estate and our geographic stretch is San Gabriel Valley and parts of Los Angeles, including West Hollywood and the surrounding neighborhoods.

We have carved out a niche as the preferred agents for some of the most desirable new construction condos in Pasadena. We will be reviewing some of the recent properties that we have sold, introduce ones that we are currently working on, and look at the new condo market in general. We will so give you a real market perspective from a top real estate team about the market and also look beyond just the headlines hype to give you some real analysis that you can use, whether you are a home buyer or a developer.

So welcome again and thanks for stopping by!