in contract sales and raised pricing

the brokers tend to threaten that they will "raise" prices so you freak out and sign the contract, (watch out for 122 condo in harlem they did it there to my sister!) so she said fine raise the price and we'll buy a condo next door instead.
stop the BS brokers!

developers are crazy..thats pretty much it lol..price amendments

No - you misunderstand, 2 & 3. I don't think I explained myself clearly - sorry.

I get the fact that developers raise prices through amendments during the building and sales process - that's rather normal.

But this is a situation where it appears that AFTER a unit has gone into contract, the price is raised on streeteasy.com. That's what I don't understand. For instance, a few months ago, I saw specific units at 240 Park Avenue and 200 Eleventh Avenue indicated as "IN CONTRACT" on streeteasy.com. I then looked at the SAME LISTINGS a few days ago, and the prices were higher, and showed recent price increses AFTER the unit had already went into contract months ago.

That's what I don't get - how can you raise the price on a specific unit AFTER that unit is already listed as having gone into contract?

Anybody?

Might the unit have fallen out of escrow & then the price was raised when it went back on the market?

#5:

Possibly - but it happened with multiple units, all that went to contract more or less at the same time quite a while ago - it's just weird - I don't get it.

In the case of the units at 200 Eleventh Avenue, some of these units were in contract, and then show recent price increases of over $500,000 - $1,000,000!

Thst's a price increase I'd like to have some explanation for....

Here's the deal. I am in contract on a new condo and subsequently a price amendment occurred and my unit's "price" went up. To be clear this doesn't affect my price, I believe its simply to make it look like the building is selling at higher prices, presumbly so units not sold yet may command a higher price. Its seems kinda sleazy but frankly for someone like me its probably good for down the road, it makes it look like I paid more than I did.

Thanks #7!

That's really interesting - I thought (assumed) that once you went to contract in a building for a specific unit, that was that, and the price was 'locked' for that specific unit. Of course, as many units are sold in a building, the remaining available units (sometimes) get raised through continued amendments.

I didn't know that even after a price in 'locked' after it's in contract, developers can retroactively "raise" the price of that same unit already in contract for appearances' sake only. I thought that was actually illegal, because it provides false public information - basically, you buy a unit at a place like 200 Eleventh Avenue for $3,000,000, but it's momentarily on the records as being in contract for $3,500,000, which is false. I assume that in the end result, in the ACRIS database after the contract is completed and the sale is closed, ACRIS has to show what the unit truly sold for...

#7 Has it right....I experienced the same thing...I even contacted the sponsor to make sure that I would not be paying the increased price. I think #8 is taking it a bit too far with the "illegal" talk.....the market changes day by day and so to do prices ....it's just that simple