Buy a condo, get a car - Spokane, North Idaho News & Weather KHQ.com

Buy a condo, get a car

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SPOKANE, Wash. - A realtor in Spokane is trying a unique approach to sell several downtown condos. He's offering a free car with the purchase of some of the units.

Parked out front of the condos on Riverside in Browne's Addition are two shiny new German cars. Bob Cooke says if you purchase the flagship condo in the building at $750,000 you can park a new $40,000 Audi A4 in the garage.

There are three other units in the building that are up for sale in the $300,000 to $400,000 range. For those units Cooke is offering a new Volkswagen Jetta. Cooke says the condo prices have not been adjusted to reflect the price of the cars and hopes his short term investment will yield long term results.

Cooke says he tried the more traditional incentives such as buying down interest rates and decided to add a little "bling" by including the cars.

So what if three buyers come to Cooke after seeing this offer for the lower priced condos? He says he thinks he can find more Volkswagens to make a happy client.

The downtown condo and real estate market has been slow in the down economy. Some estimates show the market down as much as 70 percent.

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