Price Cuts at Forte
A reader sent word that a bunch of units at the Forte had just undergone price cuts so we checked in with the broker to see what was going on. Turns out that they are gearing up for a month-long “incentive pricing” initiative on ten units that will see two-bedrooms (like this one) drop to…
A reader sent word that a bunch of units at the Forte had just undergone price cuts so we checked in with the broker to see what was going on. Turns out that they are gearing up for a month-long “incentive pricing” initiative on ten units that will see two-bedrooms (like this one) drop to $650,000 and three-bedrooms (like this one), which was asking $976,000 as recently as January, get down to $775,000. (The Forte is a long-time advertiser on Brownstoner.)
Forte Marketing Effort Gets a Makeover [Brownstoner] GMAP
Condos of the Day: Price Cuts at Forte [Brownstoner]
Don’t understand why they are not ForRente already…
price aside, I like the bldg, units, & location.
“If you’re going to cut and paste a link about Spain’s economic woes ( HARDLY a new story) why not provide some context to the current thread?”
Europe is in crash mode right now! The EU is going thru difficult time and may break up because of it! It’s only a matter of time before it hits home.
If you buy a Condo at The Forte you will get a 12 ft I-Beam shoved up your ass!
The Clarett Group is eating it’s own seed corn and will run out of money very soon! What will happen to the maintenance if the Forte goes belly up? Just ask the Retards at 133 Water Street!
http://133water.blogspot.com/2009/03/forum-for-discussion.html#comments
The What
Someday this war is gonna end…
dcorreale, that may be true. My point is buyer should feel no rush to buy when prices are still very expensive and if buying, offer price he/she wants to offer. If developer says NO, buyer simply & quickly say “that’s OK. Good luck”. “Waiting” is not a cost but a savings for buyers now vs. “waiting” for developers is an opportunity cost (ie prices will be lower the longer they wait) and a real cash outflow (ie in form of bank loan paymts). So net is it doesn’t hurt for buyers to pitch price they want to pay. If rejection, no biggie. Just go to another developmt and/or come back later to pitch even lower price to same developer.
dcorreale-
“And you can still get a coop very close to this location for half the price”
You can? A 2 BR coop very close to the Forte for 325K?
Do tell…
C’mon What.
If you’re going to cut and paste a link about Spain’s economic woes ( HARDLY a new story) why not provide some context to the current thread?
Oh thats right, sorry. You aren’t capable of that.
Hiya Retards! Did you think buying a Condo was a great idea???
Spain’s Falling Prices Fuel Deflation Fears in Europe
http://www.nytimes.com/2009/04/21/business/global/21deflate.html?_r=3&hp
VALENCIA, Spain — Faced with plunging orders, merchants across this recession-wracked country are starting to do something that many of them have never done: cut retail prices.
Prices dipped everywhere, from restaurants and fashion retailers to pharmacies and supermarkets in March. Hoping to increase sales, Fernando Maestre reduced prices by a third on the video intercoms his company makes for homes and apartment buildings.
The Forte was be Bankrupt by ’10! The trustee will sell the units at firesale prices. Goodbye Equity, like you had any to start off with..
The What (Forte Skittles)
Someday this war is gonna end…
Forente’ and/or Bankrupte’ by Fall.
***Bid half off peak comps***
I have to admit I find it hard to snark at brownstoner advertisers.