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Toll Brothers condos in NYC

Started by walshcoop
almost 16 years ago
Posts: 55
Member since: Apr 2010
Discussion about
are Toll Brothers conods in NYC more in demand than unknown developers?
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

imho, not really.

Toll Brothers isn't really known much in NYC, except for folks thinking of them as builders out of state. If anything, it might be a negative on a $1.5 mil condo... you don't want the guy who builds mcmansions...

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Response by Lance1
almost 16 years ago
Posts: 39
Member since: Apr 2010

yeah, but you do want the guy who has over $1B in cash

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Response by walshcoop
almost 16 years ago
Posts: 55
Member since: Apr 2010

How $1B in cash is going to help a condo buyer?

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Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009

The good thing about a big develper like Toll is that many of them jhave their own mortgage divisions and can afford to give better incentives.

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Response by Lance1
almost 16 years ago
Posts: 39
Member since: Apr 2010

if one goes into contract while the property is still under construction, the buyer doesn't have to worry about the developer lacking the financial wherewithal to complete the project. also, buyers have a warranty for (I believe) six years on new construction so any lawsuit would require a defendent with assets.

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