TIMING A PURCHASE AT THE

COSMOPOLITAN RESORT, LAS VEGAS

Q: I am interested in a studio unit at the Cosmopolitan Resort in Las Vegas and would like to get in early. Am I too late? I just found out about this condo hotel and Condo Hotel Center this evening (March 5, 2005).

A: I never like telling people that they are too late, but it is the ninth inning, you are down 13-1, you have two outs and your pitcher is on deck, and he's a little bit gimpy with a twisted ankle and a groin pull, plus he's a little down on himself after giving up 13 runs in the ninth with two outs after his team spotted him a one run lead in his attempt at his first career perfect game.

Seriously, as of March 1, 2005, I was informed that the Cosmopolitan Las Vegas had sold over 1,300 of the 1,400 condo hotel units that they planned to sell at this time. (I personally sold a lot of them myself, and they went faster than free beers at a college frat party!)

Prices have escalated over (are you sitting?) $200,000 more than if you contacted Condo Hotel Center one month ago for a studio. Let me know if you wish to proceed regardless, and I can forward you the reservation and broker registration forms. Click here for more on the Cosmopolitan.

There will be another shot in a few months when the Cosmopolitan releases the balance of its 2,200 units for sale or when some of these reservations fall out, but your better buying opportunity right now would be the Conrad Majestic. Click here for more on the Conrad Majestic.

Another option is MGM's third tower, coming to the market in April or May 2005 at first tier pricing. If you'd like more information on either, just drop me a line at CondoHotelCenter@aol.com, and I can arrange this.

Q: If I go through you/Condo Hotel Center instead of dealing directly with the Cosmopolitan, the Conrad Majestic, or MGM's sales offices direct, what is the advantage?

A: The price will be exactly the same to you either way. The only question is who receives the commission from the seller. Do you want the guy who is looking out for your best interests (a.k.a. me) to receive half of the commission, or do you want the on-site salesperson, who is there only to represent the seller's best interest, to get 100% of the commission himself for simply placing your order?

Let me take this a step further. Here's what I/Condo Hotel Center can do for you:

• I tell you about new properties like The Cosmopolitan and The Conrad Majestic often way before the media and general public get wind of them, the benefit being you get in at first tier pricing and can choose your unit from among the widest selection. (Be sure you sign up for our Property Alerts.)
  
  
• I provide detailed property information which our Condo Hotel Center staff has researched and prepared on its own and is usually not available from any other source. This information is made available to you often long before the individual property has prepared its own brochure or other marketing materials.
  
  
• I provide comparisons of similar properties and help you to determine which one best fits your needs.
  
  
• I put you in touch with the right person at the property you choose and use my influence to be sure you are serviced properly and given every advantage in selecting your unit and getting the best price.
  
  
• Finally, I act as a sounding board to assist you in making decisions throughout the process on everything from general questions about condo hotels to property-specific issues.

Sound good? I hope you'll give Condo Hotel Center the opportunity to work with you on your Las Vegas condo hotel purchase.

The above questions were submitted via e-mail by a visitor to www.condohotelcenter.com. The answers were prepared by Joel Greene, a licensed real estate broker with Condo Hotel Center which specializes in the sale of condo hotel units and fractional ownerships in private residence clubs.