Another Epic is Under Contract!

Another Epic is Under Contract!

Another condo at Epic on Penn at 500 E 11th went under contract this morning… to a smart young urban professional moving to Denver from Miami.

Like many Epic buyers, he found us on Craig’s List, asked a lot of intelligent questions then made an appointment to stop by. We weren’t only ones he was talking to.

I learned he saw other condos in his price he just didn’t like. I think the term he used was “ghetto.”

He even said he talked with a few psycho real estate agents!

Prior to visiting Epic on Penn in Cap Hill he really did his homework… probably one of the most prepared buyers I have every met. He brought friends, family and an attorney!!!!

We walked the halls, looked a lot of floor plans, checked out the rooftop deck, looked at all the finishes in our model and design room, talked about our artist creating the custom thresholds, went through all the pricing, talked through financing,…man you name it and he asked all the right questions!

Based location (close to downtown), design and price he decided Epic on Penn was the best fit!

I think lack of psycho agents helped too. I can say this because I am an agent :)

We, Modo, are very fortunate to be able to provide modern design and high level of finish for really low prices. Our buyers can live where they want with a responsible payment and own a great investment for the future.

Check this out….hardwood floors (not carpet) Zodiaq Quartz countertops (lower maintenance than granite and NOT cheesy Formica), glass mosaic tile (not generic), Stainless steel appliances (not white), custom cabinets (not Home Depot), European Lighting (again, not Home Depot) and A LOT more like low HOAs and free internet!

I should also mention the great sense of community. We saw it in our last series of condos – the Skye Condos series. Mostly young urban professionals owning for the first time. Neighbors had a lot in common with each other and so many of them became cool friends – NICE!

How do we keep the prices low so these people can buy?

Modo is a focused team of seven partners who only convert old apartment buildings in great areas into new modern condos…downtown only.

Basically, we take old buildings in central neighborhoods like Capital Hill and Washington Park, turn them into modern, urban condos, and then sell them individually.

There are no other side businesses. This is all we do.

We have a very flatly run business model and make ridiculously low salaries. I’m not kidding. We make a responsible profit on each building so we can fund the next project and make a living.

This along with smart purchasing, smart financing, and smart project management to control costs means lower prices for buyers.

We don’t feel the need to gouge the public with crazy profits. The result is modern design, great locations and our buyers can afford their new homes so they sell fast.

That’s good for us too!

My advice… buy early when the prices are the best.

Thanks for reading!

cb