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Business
Upside of a down marketPublished 02/03/08
The luxury townhome at Admirals View had everything Kathy Hennes was looking for: Three stories, hardwood floors, a two-car garage and crown molding. 
Colleen Dugan - The Capital
Kathy Hennes didn't purchase this home until the price went down significantly. Now that the real estate market has declined, Ms. Hennes said she was able to take advantage of lower interest rates and prices.View more photos of Ms. Hennes' new home But it wasn't until the builder of this Annapolis community lowered the home's sale price from $485,000 to $450,000 that she signed the contract. "I wanted to take advantage of the market," said Ms. Hennes, who worked with builder Winchester Homes to come up with a customized loan program to finance the sale. "Now that the prices have...
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