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Sechelt Development - The Wharf Place
09-16-2013, 12:17 PM,
#7
RE: Sechelt Development - The Wharf Place
My curiosity got the best of me, so I contacted the developer and here is the Bonus Offer to the next five (5) buyers:

A high-efficiency washer & dryer (this is standard equipment in many multi-unit sales offerings);
HST/GST and transitional taxes included;
Window coverings - 2” Faux style blinds (again, this is usually standard equipment).

The representative said that they received an offer on #204 so there are 4 more units under the program.

Here's the value of the Bonus Offer:
High efficiency washer & dryer: about $2,000.00 including GST from Coast Wholesale.
HST at 7% on $293,000 (average price of all listed units): $20,500.00
Faux blinds: about $2,000 depending on how 'faux' they are and how many windows in the unit.
Total value of the package: about $25,000 on a $293,000 unit (again, the average price) so about 8.5%

These kinds of 'allowances' effectively reduce the price of admission without lowering the 'sold' prices, something the developer must maximize for future sales and to not antagonize the current owners (few in this case) by undercutting values.

Will this work? As Skook speculates: probably not. My experience suggests they were offering all this to any live body that came in the door and looked interested, so it's not a very clever or productive marketing ploy.
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Messages In This Thread
Sechelt Development - The Wharf Place - by Skook - 05-12-2013, 03:51 PM
RE: Sechelt Development - The Wharf Place - by RFM - 09-16-2013, 12:17 PM

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