Hey AKS, hmm...I guess we don't have much negotiating room, but I guess it's worth a try nonetheless!
As for their sales, when I was at the VIP session, they were selling pretty fast. I would say of the units they had on display (they had a board with the floors and units they were selling), 60% of the units were sold, not including the lofts, which they said were sold out.
They also told me they held back some units for the general public as well, I'm not quite sure how many that was.
I didn't stay till the end of the showing, but I would assume, including the lofts, pent houses and what I saw at the VIP showing 60% of the units are gone.
The broker event is tomorrow, I'm not sure how many of the units would sell but I'm going to take a stab and say by the time it opens to the public, it'll be roughly 70% sold and after the general public, probably 85% sold, which seems pretty good
We're still thinking if we should go forward with the deal. We've had 2 real estate agents (family and friends) tell us that right now really isn't the right time to buy and that the psf is a too high, but then again they specialize in uptown real estate and I'm sure the dynamics of down town condos and Markham homes are a lot different.
Personally we really like the place, but we also didn't necessarily look/shop around too much and weren't really sure what was out there. We got into the VIP, loved the unit and the condo features and location, plus with the 4% discount and financing available it seemed like a really good idea. We still have till Saturday to make our decision and have heard mixed opinions from different people.
Some agents are saying FLY offers great value especially compared to 300 Front as well right now is a very good time to buy a condo.
Others say right now is a bad time to buy a condo and prices will continually drop. I've taken a look at market data and condo sales seem to be increasing lately and the prices aren't dropping as drastic, I think they are in line with 2007 prices or so. I'm a bit concerned for resale value.
Our unit is on the 3rd floor with only 1 bathroom and I hear the higher the floor the more $$$ as well with a 2 bdrm it should have at least 1.5 baths. Since we are first time home buyers and don't know too much about real estate we don't know which we should side on...
But based on what you've told me I feel a bit more comfortable that the price we're getting is pretty good value. I think it depends if we can negotiate some terms on Friday will determine whether we stick with the unit or not!
