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The Reality of Arlington Virginia Condos | Purchasing New Construction Condominium

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Real Estate Agent with Ocean Views Real Estate, Inc. 273057

Arlington Virginia Condos -- Video How to Purchase New Condominium -- Especially New Construction

A huge portion of the new construction Arlington condos sold in Virginia --especially in urban villages like Clarendon and Ballston-- are purchased by "floaters". Floaters stroll in and almost always overpay for their condos. They often think they got a pretty good deal as they did not get all the information available on the true market values of the units.

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The Myth of Purchasing a Condo without an Agent -- Save Money Right?

The floater usually is thinking if they buy without an agent they builder saves money; therefore the buyer should save money too. Makes sense in a perfect world, but as we've seen from the ballooning deficit the world is far from perfect, eh?

Why the Floater Myth is a Bust!

  1. Builder knows another floater will come in to purchase his Arlington condo near list price.
  2. Builder can manipulate which comps they give the floater to shape his perspective.
  3. If an agent has good experience negotiating with builder a lower price, the agent is likely to bring more buyers to close on the builder's condominiums for sale.
  4. The builder is motivated to give the best deals to the agents most likely to bring the most buyers to the table
  5. The buyer's agent --good ones--know how to get the best prices, have a reputation for being hardball, and know methods that make a combination of lower prices, lower fees, subsidies, etc. an easier pill to swallow for the builder while preserving the builder's comps so that future floaters will continue overpaying

For a detailed explanation spoken with conviction watch the wheel estate cam on Floaters Overpaying for Arlington Virginia Condos.

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