MLS #: 066034153. Don’t worry, it’ll be back. I suspect it’s off the MLS because it was priced at $507k, below prices of $530k at the development and might affect their sales efforts. I don’t believe it was a “real” listing but simply a ploy to create traffic at the project.
Considering that developers pay 5% broker coop, I think any potential buyer who wants a new house now, can easily offer 10%-20% below the asking price. But why would he want to do that when he can get it at an even lower price later?
I also noticed that flipper in new projects are in world of trouble since the developer is undercutting them by offering incentives. Flippers need to get real and price 5-10% below developers in order to unload their albratrosses. And that, in turn, will prompt a response from the developer creating a downward spiral.
