JMWeichertGroup Builds Success for Developers in Challenging Market
9/3/2008
MORRISPLAINS, N.J. – With
competitive pressure rapidly rising in the new home marketplace, many builders
and developers have been left searching for solutions to stimulate their
business. Through an expert team of new home professionals supported by the
resources of Weichert, Realtors, one of the nation’s largest independently
owned residential real estate companies, the JMWeichertGroup delivers the
advantage builders and developers need in today’s challenging market.
A
single source for integrated solutions, the JMWeichertGroup conducts in-depth
research to create successful marketing and sales programs for high density
communities that include condominiums, lofts, townhouses, mixed-use, and
traditional neighborhood developments.A
testament to the company’s reputation, industry-leading clients such as
Roseland Property Company, Fields Development Group, Sterling Properties and
Woodmont Properties have recently selected the JMWeichertGroup to represent
their developments.
“At the
JMWeichertGroup, we create innovative marketing solutions that sell
communities,” said James Weichert, Jr., Vice President of the
JMWeichertGroup.“Our exceptional
capabilities and systems have proven effective for our clients in maximizing
the return on their investments across product types, price points and market
areas, even in today’s more challenging sales environment.”
For
example, since commissioning the JMWeichertGroup to market two developments in Morristown, N.J.,
regional real estate leaders Roseland Property Company and Woodmont Properties
have realized outstanding results. Within months, 30 of the 73 residences at 40
Park, overlooking the Morristown Green, were sold pre-construction – a
remarkable feat given the quantity of more readily available homes in the
area.Likewise, for The Residences at VailMansion
– built in conjunction with Applied Development Company at the site of a
landmark mansion dating back to 1916 – the JMWeichertGroup was able to secure the
sale of nearly 90 percent of the residences pre-construction. In addition,
price points in excess of $1.2 million were attained; a figure that had not yet
been realized for a product of this type in MorrisCounty.
The
JMWeichertGroup has also established a successful relationship with Fields
Development Group, a third-generation real estate developer based in Hoboken, N.J.,
and a leader in the state’s urban marketplace. The company brought on the
JMWeichertGroup to manage the marketing program for Ivy House, a boutique
condominium development in the Powerhouse Arts District of Jersey City, N.J.
Within two months of opening, more than 50 percent of the units were sold.
In
addition, the company’s seasoned team of new home professionals has provided
consulting and marketability studies for an array of projects under development
in locations such as Bayonne, Newark, Trenton, and Englewood, N.J.; Savannah,
Ga.; and Charlotte, N.C.
“For each
development, we create a customized research, marketing, and sales program that
enables us to increase sales and reduce our client’s costs,” added Weichert.
“We feel the JMWeichertGroup can achieve the level of performance necessary to
succeed in today’s challenging market that other companies simply cannot
match.”
To learn
more about the JMWeichertGroup, call (973) 898-8600 or visit
jmweichertgroup.com.
Weichert
has nearly 18,000 sales associates in more than 500 company-owned and
franchised sales offices in key markets throughout the U.S.A family of full-service real estate and
financial services companies, Weichert helps customers buy and sell both
residential and commercial real estate, and streamlines the delivery of
mortgages and home and title insurance.For more information, Weichert's customer service center can be reached
at 1-800-USA-SOLD or at Weichert's Web site, www.weichert.com.Each Weichert franchised office is
independently owned and operated.