Condo Fiasco

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Archive for June 15th, 2007

Realtors calling me left and right

So, just as I thought, I’m getting calls from a bunch of real estate agents. I’ve been telling them that contractually I’m not allowed to list the property on MLS and hence with a realtor… after all, that’s what they’ll probably do…and then wait… and if they don’t sell it well then I’m screwed. There [...]

Even worse than I thought?

Could the situation actually be worse than I thought? I just read this:
“In Miami-Dade County alone, 8,000 new condo units will be completed this year and nearly 12,000 more in 2008.”
Herald Tribune
Some investors are wiggling their way out by finding loopholes in the contract. One guy who put a deposit on a preconstruction condo claims [...]