Developers #2

Re: Lots in Davidson Subdivision

Dear Developer:

Thank you for seeking our input on whether to combine the lots to make larger lots.

The consensus from everyone involved is that any future development should, above all, seek to keep the price per unit as low as possible. That would, I imagine, dictate a density of 22 smaller lots suitable for patio homes instead of the 11 larger lots we had originally discussed.

Other considerations in order of importance are:

1. Master bedroom on the first floor unless lot size dictates 2-story

2. Price at or under $100,000 per unit, if possible

3. Formal dining room, living room, and kitchen on main floor

4. Minimum 1500 square feet; 1600 is better; may have to go higher to accommodate master on first floor

5. Garage would be desirable, but the increased cost would cause the sales price to be higher than the current market warrants

I have attached a computer printout showing the history of sales in the surrounding developments. As you can see, the units have sold at an average price of $92,691. Our consensus is based on this history; however, we have not ruled out the possibility that a completely new product could change our feelings about price.

One of my associates, Jim Johnson, is also very familiar with the current development in the area and has agreed to meet with us. If you would like for all of us to sit down and discuss this in detail, please call me around the first of next week at 555-5555.

Again, thank you for seeking our input. We look forward to working with you on this.

Sincerely,

YOUR NAME
Sales Agent