It appears that The Lansing (“Where quality meets value!”) recently (i.e., yesterday) joined the Watermark, 776 Tehama, and 69 Clementina in discounting prices on brand-new condominiums. According to ZipRealty, the list prices for units #305 and #410 in The Lansing were reduced by $31K and $25K respectively.
∙ The Lansing (50 Lansing Street) [SocketSite]
∙ Watermark Signs Of Weakness? [SocketSite]
∙ They’re Back! [SocketSite]
∙ Price Reductions At 69 Clementina [SocketSite]
EXCLUSIVE TO THE LANSING.
The Lansing is also now offering a permanent buy-down program. This program will buy down the rate by 3pts, at no cost to the buyer. It will effectively reduce the interest rate anywhere from 6.50% to 5.25% for a 3yr Interest Only, from 7.00% to 5.75% for a 7yr Interest Only, or for those buyers who prefer a 30yr Fixed Rate, all the way down to 6.250%.
Over the course of the loan term, it will save the buyer anywhere from $24,000 to $123,000. A great savings, and at NO COST to the buyer, this adds even more value to The Lansing.