James & Christine of Florida recently shared the following story with us.

“It wasn’t all easy, but I’m happy to say that the building of the Eagle’s Nest was the smoothest part of the whole process.

We wanted to showcase the Eagle’s Nest in a wooded setting. I kept showing people your business card with Mr. Straight’s house on it. That is exactly the look I wanted. We have five acres and we got it for $89,000 dollars. We spent $15,000 dollars on fill and we were still way under the market value.

We had the entire shell including roof deck completed in six days! Everything I’ve read in testimonials from other people about Eagle’s Nest, is true.

I know you can’t really call any house hurricane proof, but I believe that with the round design of the Eagle’s Nest, the testimonials I have read about Eagle’s Nests surviving the worst storms with minimal damage, and the extra measures we incorporated into our home, have given us the most hurricane resistant home on the market today. We have not had a direct hit, but we had three close calls during construction, and the house didn’t even creak. We had 80 mile an hour winds, and inside you could hardly hear it.

We purchased the property for $89,000. The cost of construction was $180,000. After down payment, our mortgage was $230,000. At the end of construction, the appraisal came it at $320,000. I believe that there are still good buys out there if you take the time to look. We looked and it paid off. The feeling of security knowing that you have instant equity so that in case of an emergency you can borrow against it is a huge stress reliever. Like most people, this was the biggest purchase of our lives. We couldn’t have been happier with the finished product or the great appraisal. Then a year later, we decided to refinance to consolidate our debts and to pull out some money to start a business selling Eagle’s Nest Homes. We were able to be placed with a top rated company, partly because the appraiser that they used was a little more experienced at unusual properties, and after a very thorough investigation came back with an appraisal of $515,000!!! Can you believe it? A $285,000 equity position on a $230,000 mortgage.

One of the things that made us pick Eagle’s Nest is your philosophy of wanting the average guy to be able to have a better than average house. We are living proof of that. Not only that, but its “built to be around after the storm”. That is the slogan for our new business.

We can’t thank you enough for making such a great product that looks absolutely gorgeous. We are looking forward to helping others realize the dream of having a beautiful home that they not only can afford, but feel safe in as well. That is a rare commodity here in Florida. Ever rarer, is actually having something go exactly as advertised. Great job!!!”

Thanks for the story James & Christine.


The recent cut in the prime rate by the Federal Reserve has dropped mortgage rates a little. Pundits believe this prime rate cut was facilitated to bolster the economy and jack up the Dow / S&P 500. While there is truth here, the hope is that lower mortgage rates will encourage homebuyers to purchase reducing the housing inventory. But, recently, Alan Greenspan, retired head of the Federal Reserve, stated that double digit mortgage rates loom on the horizon due to the distinct possibility of inflationary pressures. Mortgage lenders have returned to the traditional and more sane lending philosophies that existed prior the “Wild West Days” of the last several years with interest only loans, dangerous arms, etc. So, from poor lending practices, we are back to sanity with typical credit scores of around 630 required and favorable mortgage rates. Your buyers need to take advantage now of the favorable rates as double digit mortgage rates will stifle the housing market.

Fortunately, for Eagle’s Nest and its Representatives we have experienced our biggest years during double digit mortgage rates.

WHY?

People still want that house they can’t afford when mortgage rates increase. To accomplish this, they need a program that allows them to buy the home cheaper which negates the higher interest rate. That’s the answer we provide.

Giddy Up.

DOUBLE THE HOME LINE EQUALS INCREASED SALES! I would like to offer an excited hello from the Eagle’s Nest Drafting Department. Why am I excited, you ask? Allow me to explain. The addition of new model homes to our line…27 to be exact! 27 new models that offer various sizes, with both single and two- story designs in a multitude of different architectural styles to fit virtually any environment. Please check out our NEW Eagle’s Nest Web Site (at the same web address, www.eaglesnesthomes.com) to view all of these new models. The web site has been improved to optimize the ability to draw buyers to our opportunities. Please note that as you view the new Eagle’s Nest Web Site that an explanation has been given to the various architectural styles and the history that produced certain architectural styles, which emanate from Europe and America.