Saturday, April 17, 2010

The Necessity of Change

In the beginning, Weirs Beach Village was originally structured as a development which would consist of 85 detached condominiums on leased land. The City of Laconia gave us the green light. We built four models ~ the Gilford, the Wolfeboro, the Meredith, and the Alton. People were curious. We landscaped, we paved, we began our marketing strategy. People became interested. We signed contracts, we courted a variety of financial institutions. We waited.

All around us, the economic climate was shifting dramatically. The government was responding by demanding strict changes in banking and lending institutions guidelines. The new Fannie Mae guidelines put severe restrictions on condominium financing. We watched and wondered what this meant for our project.

"Your success in life isn't based on your ability to simply change. It is based on your ability to change faster than your competition, customers and business." ~ Mark Sanborn

Skip Kelley, the developer, the brain and the heart of Weirs Beach Village, did what he does best ~ he problem solved. He investigated. He calculated. He knew there had to be a change at the project. He figured out what that change had to be and he then made that change. And that is why he has been so successful in the NH Real Estate scene for the past 25 + years.

So we have made the decision to abandon the condominium concept. Weirs Beach Village is becoming a Homeowners' Association.  We have begun the process of making the necessary legal changes through the NH Attorney General's Office and have been given permission to accept non-binding purchase and sales agreements. We expect to have all final approvals in place within the next 45 days.

The change was necessary. And the people are excited. All six of the homes which we have built are under agreement (non-binding). Prudential-Verani have had to add more hours and more staff up at the project to handle the calls and visits from customers. But there are some aspects which have not changed and will not change ~ we are still building high quality, affordable houses in the Lakes Region. Customer satisfaction is still a priority. It always has been and it always will be ~ some things never change.