Difficult choices in real estate lottery

As October 6th approaches, second home buyers and real estate investors are carefully choosing which units in Building B of the new ski-in/ski-out Beaver Creek Landing project they want to own.  Building A sold out in a day, with 134 contracts for 26 units.  Those buyers that were involved with the lottery for Building A, and did not get a unit, will have preference in the Building B lottery.

So the question that needs to be asked is; "Do I go for a unit that will have the fewest number of contracts, or do I go for the unit that best suits my needs, independent of its popularity?"  With 108 potential buyers, (and 26 units)the odds for getting a well-liked unit are not very good.  Each potential buyer can select 3 units that they would like to purchase.  The most coveted units may have upwards of 40 different contracts, reducing your odds to 2.5% likely.  Great for Lotto, not so good for buying your dream condo.

If you really want a condo in Beaver Creek Landing Building B, it is a wise choice to go for the least coveted units.  (In Building A, these were the 4 bedroom and more expensive units.)  Building B has no 4 bedroom units, so, good luck in choosing your Building B condo.

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