Most buyers of pre-construction condominiums understand that there are a number of uncertainties that go with these purchases. The unit may not be as visualized by the purchaser, as the purchase transaction is based on floor plans, specification sheets and artist renderings, rather than an in-unit inspection, as is the case with re-sale units. The occupancy date and the closing date are not fixed dates – the dates originally contemplated are often postponed by the developer and frequently more than once. Read the article………………
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