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Risks of Buying in a New Development that's under 50% sold?

Started by PPark
over 17 years ago
Posts: 12
Member since: Oct 2008
Discussion about
Other than the risk of obtaining financing, what else is there to watch out for? How likely is it for common charges to be raised, etc? Any smart questions to ask?
Response by jlnyc50
over 17 years ago
Posts: 77
Member since: Jan 2009

the developers possibility of going bankrupt- not paying construction and having liens on the building, the building fire saling at 1000 a foot and u lose money.. etc-- hence u buy in one like that if u get a deal only

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Response by Trompiloco
over 17 years ago
Posts: 585
Member since: Jul 2008

Wait, wasn't there a thread with the exact same title 2 weeks ago?

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Response by McHale
over 17 years ago
Posts: 399
Member since: Oct 2008

test

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Response by gcondo
over 17 years ago
Posts: 1111
Member since: Feb 2009

"Wait, wasn't there a thread with the exact same title 2 weeks ago?"

makes you wonder, doesn't it?

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