Nice little storey from Melodika.net
- Had a feeling groups like this existed but not to this extent. Groperty.com gets real estate investors together as a group of buyers and then leverages their capital to obtain discounted pricing from developers on new projects in the city set to launch. Kind of explains the mad rush we see when there is a new sales office opening for a downtown condominium.
Looks like the condo slump, has prompted many condo developers with additional units to sell to make deals to move product, so with the pool of large investors at hand, they can take advantage of discounts offered by developers they can purchase multiple units.
__________________________________________More from the article
Groperty founder King Shah, a successful Toronto realtor, has been working with large investment clients to negotiate bulk discounts for years and is excited to be bringing these same savings to a wider audience. As King puts it, “Our goal is to get individual condo buyers the same wholesale price as a large investment group”.
Groperty’s launch focuses on condominiums in the Greater Toronto Area and with a select few developments in Montreal and Chicago. Groperty members join Condo Buying Groups on the Groperty.com website for the developments they are interested in. Once a deal is negotiated with the developer group members are notified and a date is set for an exclusive Group Buys Event, where group members are given complete discount details and purchases can be made.
There are currently over 80 Condo Buying Groups on Groperty.com with 40+ in Toronto alone. Private investment groups have been using the group discount model for decades. Groperty is simply taking a proven strategy and becoming the first to put this same buying power online and into public hands. Membership on Groperty.com is free and there is no obligation to purchase, so joining the Condo Buying Group for developments you are interested in is a no brainer – finding out the discounts available on Groperty could save you thousands on your unit.
For more information or to join a Condo Buying Group visit Groperty.com
No comments:
Post a Comment