Giraffe Condos Offers Confidence Guarantee
Giraffe Condos is offering a three-part guarantee for buyers. From their website:
EMPLOYMENT GUARANTEE:
Worried about the financial crisis and possibly losing your job? Purchase with confidence that in the case of a job loss, we will refund all deposits made towards your new home.*
PRICING GUARANTEE:
Take the fear out of buying at the wrong time and dropping home prices.  Purchase with confidence knowing that if the price of your home is lowered we will pass on the savings to you.*
FLEXIBLE DEPOSIT STRUCTURE:
Talk to our sales representatives about structuring your payments so that it makes financial sense to your personal savings and cash flow needs.*
They all have *asterisks* behind them, so make sure you read the fine print, but nonetheless another sign of the time we  are in and kudos to TAS Design Build especially for including the 2nd point about the pricing guarantee. These types of incentives are now a major trend in the Toronto market. If you are buying into a development and they are not offering you good incentives, demand that they do!
I wasn’t around for the last major real estate correction in 1989, but I highly doubt developers at that time were introducing programs like these to stimulate a slagging real estate market. Expect developers to get more and more aggressive with the incentives for the remainder of 2009.
Questions? Comments? Contact me.
