Update on Plaza
I just called the sales office and here is the update. Since selling out all the units, they have resold 163 units. According to them, 10 units were sold in the past two months. Closing is still scheduled for December of 2007 but because my unit is on the 45th floor, closing will probably be in January or February of next year (they are starting with the lower floors).
The going price is $400 to $420 per square foot…you do the math. Some examples of current asking prices are:
- $323k for a unit of the 30th floor
- $383k for a unit on the 48th floor.
So I guess my asking price of $379 is about right. The girl I spoke with said it’s low. When I asked ‘then why hasn’t it sold yet’ she said …’you know…summer time…the market slows down’. I had to hold back my laughter/tears.
I asked about financing and they said the owners will be offered mortgages by a company they work with but that it is still too early to say who.
Posted: August 30th, 2007 under Uncategorized.
Comments: 2
Comments
Comment from MiamiCondoRealty
Time: September 8, 2007, 12:49 pm
So what are your true intentions about this property. Are you just trying to dump it? At a profit, at a loss, can’t close? We deal with many buyers but mainly I would say over 50% are looking for the deals where people are walking away from deposits which I believe will actually be a rare circumstance. I think the Plaza is in a good location, which will always be desirable in Miami. Hope you can stick it out.
Comment from admin
Time: September 8, 2007, 7:09 pm
Hi MiamiCondoRealty,
The idea is to sell it…and sell it a profit. That was the idea all along. At this point, I just want to break even. I probably will lose money. I love hearing positive comments like your opinion on The Plaza. I hope you’re right!
Zack
Write a comment