Real Estate Blog - Northern Virginia Builder Comstock Homes Looks to Restructure

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Northern Virginia Builder Comstock Homes Looks to Restructure

Comstock Homes headquartered in Reston Virginia has announced the hiring a strategic and financial advisor to help "with the exploration of available debt restructuring alternatives, the Company has elected to cease making certain scheduled interest and/or principal curtailment payments while it attempts to negotiate modifications or other satisfactory resolutions from its lenders."

This annoucement by Comstock Homes may have a significant impact on their current sales in a variety of Northern Virginia neighborhoods and should be watched by buyers who are currently considering purchases in the following communities:

County	Development Name
Arlington County	The Eclipse at Potomac Yard
Fairfax County	Penderbrook Square
Loudoun County	The Commons on Potomac Square
Loudoun County	The Towns of Station View
Loudoun County	The Woodlands at Round Hill
Prince William County	River Club II
Prince William County	The Commons on Williams Square

Today's press release highlights why buyer's who are considering purchasing new construction need representation by an agent experienced with new home sales. Making sure that you ask the critical questions not only about the neighborhood, the planned ammenities and the financial health of the builder are just the start of what you need to consider.

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Cindy Jones

Utilizing Technology, Experience and Uncompromising Service is Cindy Jones commitment to her clients. If you are buying or selling a home in Northern Virginia including Alexandria, Fairfax County, Loudoun County, Prince William County give Cindy a call at 703-346-2213. Stop by VaRealEstateTalk & or Cindy's Northern Virginia Real Estate website for more information.

Search all homes available in the Northern Virginia area.

Posted by Cindy Jones-Northern Virginia Real Estate & Military Relocation Services on 07/10/2008 08:25 PM

Comments (8)

fairfax county real estate, northern virginia real estate, loudoun county real estate, arlington, buyers

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8 Comments on Northern Virginia Builder Comstock Homes Looks to Restructure

JUL

2008

I have really enjoyed reading your blog. I am relatively new to AR and have noticed you have received a lot of points and have achieved a remarkable high ranking. Congratulations! May I ask if you have had success in turning your high ranking into business? I am curious if it has been a profitable venture personally as well as financially. Thanks for sharing and best of luck in your business.

James-thank you for reading my blog. Absolutely I have found that blogging has brought me additional business. I have also meet other agents in my area that I might not ever have crossed paths with if I hadn't joined Active Rain which is a second benefit. I don't think in terms of ranking but in terms of reaching out to propsective clients with information that I think will help them learn about the area and our market. Occassionally I stray with a bit of other "stuff" but what works the best is being knowledgable about my area. Hope that helps you out a bit.

JUL

2008

Thank Cindy for sharing the news. I will save it on my notes for the clients who are looking into Comstock condos.

JUL

2008

Ritu-our area has seen a number of changes in the condo market recently. With companies with financial issues, condos not being completed and turned into rentals and doors closing. It just is another reason for buyers to look to seasoned agents to help guide the way.

Cindy, you're so right. There are many local builders who are going out of business. It's important to know what signs there are...and an experienced agent can do just that.

Nancy-It is still amazing how many folks don't think about an agent when it comes to new construction. We have a lot of information that we can help them research that goes beyond the price of the home.

NOV

2008

Trust me as a former employee and home owner...DONT BUY A COMSTOCK HOME!!!

NOV

2008

To someone who knows Comstock-Thank you for your comment. I'm sure you have your reasons for not recommending Comstock to a buyer. My goalis to provide general information that a buyer and hope that a buyer will seek representation from a buyers agent before they look to buy a new home in our current market.

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