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Hi – 2 questions: 1 – I’ve been looking at condos to purchase in Brooklyn and want underbid given that they are sitting and sitting…any guidance on how low I can go (percentage of ask)? 2 – what danger do I risk going into contract on a condo in a bldg that may not sell out completely? What if the developer stops building? What happens to my downpayment? what if the bulding goes rental?
thanks…newbie buyer