News on Richmond Onni's Flo condo liquidation are spreading like wild fire. The media and blogs are buzzing with news on the liquidating of 375 condo and townhouse units at 20% - 40% 'off'.
MAC Marketing co is ordinating the above new properties on the book of a local BC developer Onni Development Group.
These units were purchased by condo buyers as presale, paid their deposits with with the balance of the purchase price to be paid upon completion. For whatever reason thees buyers did not complete, lost their deposits and Onni retains ownership of these properties.
All these units were brand new units built according to the standards, finish and fixtures, and have not been lived.
Available for sale - 55 units
The specifications for the Flo units are:
1 bedroom 595 - 715 sq feet
2 bedroom 804 - 919 sq feet
PH 1600 sq feet 3 bedroom
Townhouses 1455 sq feet, 3 bedrooms
The liquidation pricing is expected to be as low as $400/sq foot.
Buyers may view the units over the weekend and make their offers starting Monday, Januart 19, 2009. These units are expected to be snatched up by eager buyers.
There is no special legal process invloved. A Realtor can help purchase these units in the same manner they would any other unit. A home Buyer is to make an offer with "subject to buyer and developer agreeing on the discount (20% to 40%) from the list price". The 5% GST is payable for the purchase, and a 5% deposit is due upon acceptance with a 30 to 60 day completion.
If you would like to know more or view any of these properties, call me now at 604-721-4817. I will make the arrangements.
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