To sell the final condo units, brokers and developers are offering ridiculous incentives

March 9, 2018
Published in The Real Deal
In a luxury residential market that developers describe as “softening,” home buyers are gaining a previously unheard-of edge over sellers. Many developers are offering enticements like paying the sales tax or throwing in thousands of dollars of free gifts in order to attract buyers to specific luxury homes. Professional real estate group Modern Spaces works with buyers to ensure that they get the best deal possible before signing on the dotted line. One such negotiation ended when the sponsor of the LIC luxury apartments at The Harrison agreed to pay city and state transfer taxes for the homes in their building. Read Full Article
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