There are many apartments for rent in Tallahassee, Florida, thanks to the slumping real estate market. This has led some real estate developers to get creative.
On December 5th of this year, Rudnick Development and The Naumann Group Real Estate Inc. decided they would have a massive condo sale in Tallahassee. What made this so special is that it was one day only sale with massive discounts; kind of like the black Friday of real estate.
There were a total of 237 units auctioned off with discounts as high as 65%. Over 300 people attended the event and by 1pm over 60 condos had already been auctioned off. Each perspective buyer received a number and when the number was called, he was allowed to buy whatever units were left.
That’s not too shabby, considering the struggling real estate market in Florida, which is said to be one of the worst in US these days. It looks like big discounts and creative marketing paid off, or at moved a lot of units.
Maybe we’ll be seeing more of these types of events throughout the country. Real estate bargain hunters keep an eye out.
Sources:
Tallahassee Online
I just wanted to stop in and tell you that I really enjoyed this entry. It was full of fresh information and creativity, both of which we always need.