Last week we wrote that New West Realty was offering $5,000 in furnishings and free interior design consultations for buyers at luxury condo property 1555 Wabash, located at the corner of 16th and Wabash. This week New West is at it again, offering an interest rate lock for a limited time. To qualify for the rate lock, buyers must use the developer’s preferred lender.
The program guarantees that the interest rates buyers lock into will not increase more than 1 percent from the time they sign their contracts to closing. New West claims this “eliminates risk for the buyer.” Interest rate hikes might be slowing down, but as the air slowly leaks from the bubble, Yo predicts we’ll see more and more deals just like this one.
(Visited 47 times, 1 visits today)