Tax Lots for Converting Condo
Hi-
This is my first time posting here. I recently found a place on Sterling in the slope that was a rental building being converted to condos. I was fully warned about how risky it can be being one of the first buyers in a building such as this. But the price was right and I was willing to wait to move in.
However I’m curious about timeline, part of my contract had a drop dead date for the building plan to become effective. Another part of the contract had a date by which the first closing in the building would occur. If they don’t makes these dates the contract is void.
The building plan is already effective but now we are waiting on tax lots before we can close.
Does anyone have any idea how long this process can take?
Any info would be appreciative.
