Realogics Launches Condo Bulk Buy
Wow, busy news day!
Realogics announced today that they sold the last unit at the Parc, selling out the 185 unit building. They claim its the first sell out building since Vulcan’s 2200 in 2007 (also marketed by Realogics) (unfortunately my fact checker is on vacation to double check that assertion.)
They also announced CondoBulkBuy.com:
The firms latest venture; known as “Condo Bulk Buy†aggregates buyers and negotiates with developers for a volume discount – provided they close as a group. Like a real estate auction, the potential to sell a significant block of units at one time provides efficiencies to the seller so consumers can drive a better deal than when buying alone. However, unlike real estate auctions the bulk buy process is completely controlled by the buyer and not by the seller.
“We don’t need to wait for sellers to find the market because we’ll bring the deal to them,†says Cunningham. “We know where the opportunities are and work directly with buyers or with the buyer’s agent at no cost to the buyer. â€
Read more in their press release [pdf]
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