20% Sold Condo: In or Out?
My husband i and i negotiated a price for a 2 bedroom condo in a new construction last June and put 10% down. we have something in our contract that says we can get out of the contract in March if we want. The building is only 20% sold although it has been on the market for a while. and yes, it’s not completed either. We’re tired of waiting and uncomfortable buying at the June 08 price. What to do? Stay in? Re-negotiate? Are they even giving out mortgages for buildings only 20% sold? So many moving parts now and we need to make a decision this month. Any input is appreciated. thanks.
