Portland Condo Offers Overnight Stays To Lure Buyers
Condo gloom is everywhere, some projects are stopping half-completed, some are shrinking, some are turning into rentals, and then there are the incentives. Developers have been using all sorts of lures to get people into condos including price cuts, appliance and decor upgrades and even free bikes and cars. A new technique comes out of Portland, Oregon. The developer of the Atwater Place condominiums thinks you'll be more eager to buy if you can just sleep in it over night. The ninth floor display unit is accepting potential buyers as overnight guests, hoping they'll rise in the morning, look at the Willamette river views and make coffee in the new kitchen and decide to sign the contract. The Atwater tower is 30 percent sold and sells condos from just under $300,000 to over $1 million, pretty steep for Portland.