Cane Island Resort Cashback Raised To Attract Buyers For Florida Vacation Condos

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D R Horton announces increased broker commissions to attract buyers for their new luxury vacation condominium resort near Disney. Hightower Realty responds by passing the increase to their buyers.

Cane Island ( is D R Horton's flagship development for 2006. Already rising above ground, the luxury condo resort community is centrally located on the south side of US 192, almost within sight of Walt Disney World and Celebration.

The developer reduced prices substantially a few weeks ago to try to get more contracts signed. The problem is that there are very few buyers around to take advantage of the reduced prices. In a further effort to get things moving in the face of a stagnant market, D R Horton has announced that they will increase co-operating broker commission for the next few days in the hope of getting brokers to push their buyers into action.

Hightower Realty (, whose policy has always been to split their commission with their buyers to help make the deal more attractive, followed the builder's announcement with one of their own -- they will add the full amount of the increased broker commission to their cashback offer. So buyers over the next few days will get $13,000 cashback on condos priced from $283,000. This is in addition to the $6,000 contribution to closing costs that D R Horton are offering subject to in-house financing of the purchase.

It is too early to say if the extended period of weakness in the Orlando property market that has followed the last two years of unprecedented price rises is past the worse, but when the market does resume its upward progress, as it surely will, buyers at Cane Island who were prepared to jump in when others were hesitating are going to be looking at a very sound investment.

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Denis Le Marchant-Smith
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