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offering plans for new condos

Started by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
Just wondering, why do brokers like halstead, corcoran, etc charge $200-500 for basically a floorplan...what they call an offering on new condos. Shouldn't this information be free anyway? The developer is paying them afterall for marketing.
Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

$$$... that's all i can say

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

tell them you are VERY interested and you dont want to pay -- trust me they will give to you for free rather than blow a deal

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

Looks like you did not look like a serious buyer to any broker, why do you want to know Super's salary-that is part of the detail. You get to read it before you pay-by right

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

post #4 didn't make any sense, english please?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

if you buy a unit your lawyer reads the offering, you discuss with lawyer and also get to read it and it is free
are you a UB mom?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

What you pay for is the actual 'offering plan,' which should be as thick as a textbook, and have ALL the floorplans, offering prices, and legal mumbo-jumbo boilerplate that all new offerings require. Normally, the $150 - $500 fee is a retainer that's held until either you 1.) decide NOT to purchase a unit in the new development, and if you return the offering plan in good condition, they will return your money to you, or 2.) if you DO decide to purchase a unit, that money is credited back to you at closing.

If, however, you keep or lose the offering plan, and don't buy, then the agent will keep your money.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

#7 is correct, I'd add that recently I wrote a check for an offering plan and a week later signed a contract, they never even cashed my check so no credit required.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I did not even write that check initially and got the plan

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

i'm a new yorker too. got plan, no py, got another plan, no pay. buyers' check covers this and more...

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