Builder Gives $30,000 Discount! You won't believe it!

I had a shocking conversation with a good friend this week. He was getting ready to close on a brand new condo in the Bradenton, Florida area. It was a new construction unit in a nice upscale community. His contract price was $250,000. The builder took $30,000 off the contract price just before closing!

Surprisingly he hadn't even asked for the discount or suggested that he might not close.

It seems that some buyers are walking away from big deposits and not closing. Builders are giving BIG discounts and offering BIG incentives to attract buyers. All of this offers tremendous competition to the resale market.

Good news! I sold a listing today!