150 Clermont - Fort Greene/Clinton Hill

You should get an idea of when theyre looking to start closing. If they are 10% sold and looking to close at the end of the year then I sense trouble. Plus most lenders wont finance in a building with only 10% sold. Find out when sales started and look over the contract and offering plan carefully. Ask what happens if sales dont increase. Find out what contingencies you have. Perhaps theyll just turn rental and give everyone else their money back? Please remember, just bc they give you an anticipated closing date doesnt necessarirly mean it will close around that time. With new developments expect lots of bumps in the road. Hopefully you get a really good price and the wait will be worthwhile. Clermont condos is a building we're looking to get approved and offering $2000. But sales velocity is what will get the building approved or not. Currently, we need a minimum of 15% depending on sales velocity. sunny_hong@countrywide.com

They just changed over to a rental building.

I can back jlevy up on that, just got off the phone with my agent--rental.