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cdumper
A question about Miramar Phase 2Do you know when presales for the Miramar Phase 2 might start? Wish our site offered a button for 'notification' of a specific development's availability:-) Thanks
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Mo
What makes for a perfect condo layout?Hi everyone. I'm looking at a preconstruction right now. How does this floorplan look?
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paul johnston
Preconstruction IncentivesKay -This is a great question, and actually something I answer pretty frequently. I don't know if you've happened to purchase at one of the projects we represent or not, but let me provide you my insight.It all comes down to waist size. I'm a 32", pretty standard fare I think. But I sometimes really wish I had a 29" waist, or maybe a 42" waist (ok, not entirely true). Why? Because when it's sales time at the fancy clothing store, those are the sizes marked down. I've squeezed myself into some pretty ill-fitting pants let me tell you...What I mean, of course, is that the most popular sized pants sell first. They aren't on the sales rack at the end. And to make a pre-construction analogy, it is generally true that the "best" units sell first, and indeed by purchasing early you were able to buy something that was in demand, and is no longer available. There's another aspect to this as well, that naturally depends on the particular development in question. But in the majority of our projects, prices will be gradually increased during the pre-construction phase, so even if the suite you purchased was still available, it would likely be listed for a higher price than when you purchased it. If you buy in a high rise condo, you may be able to 'test' this by looking for an identical unit on the same floor or nearby. In our smaller developments, with so many "one off' floorplans, it's more challenging to gauge price increases on particular floorplans.So really I would encourage you to consider two things: the first is that you purchased the suite you wanted, and therefore removed it from the "marked down" pile. And secondly, if you hadn't purchased it when you did (apparently a "few months" ago) the sales price of the suite would have likely gone up, thus reducing the value of the incentive being offered.I hope this is of some help, and provides a bit of context.And if there's a moral to the story, it's always buy pants that fit.
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