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Old 07-11-2005, 12:36 PM   #1 (permalink)
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Default Condo developer requires $2,500 deposit to inquire about unit

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Its getting hectic....

http://www.sun-sentinel.com/business...ostemailedlink
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Old 07-11-2005, 12:43 PM   #2 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

North Ocean Boulevard is so over rated... a know a few ppl that live there and it's just okay...
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Old 07-11-2005, 01:48 PM   #3 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

This is just ridiculous!!! if this is the deposit to inquire about a unit imagine the monthly rent! ....
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Old 07-11-2005, 02:12 PM   #4 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

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Originally Posted by Chica View Post
This is just ridiculous!!! if this is the deposit to inquire about a unit imagine the monthly rent! ....
No rent. Just sales. They did make some valid points in the article, its meant to keep away the speculators, "tire kickers"....basically those that have no intention of buying anything.
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Old 07-11-2005, 02:54 PM   #5 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

It sounds crazy but if you are serious about purchasing a unit I guess its a good idea. You can get a full refund back if you dont like it so the only issue would be is someone having that cash up front, which to buy a condo they would most likely need anyway.
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Old 07-11-2005, 03:06 PM   #6 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

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You can get a full refund back if you dont like it so the only issue would be is someone having that cash up front, which to buy a condo they would most likely need anyway.
Yep, chances are if your buying an $800,000 condo, you can afford the $2500 down payment
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Old 07-11-2005, 03:21 PM   #7 (permalink)
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Default Re:Condo developer requires $2,500 deposit to inquire about unit

Sounds like what they do at auctions. In real estate, you often times need a $10,000 cashier's check just to get admitted into the auction.
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