Jump to content

Red Raider

Full Member
  • Posts

    4
  • Joined

  • Last visited

Posts posted by Red Raider

  1. I was thinking about one of the lofts. I got an estimate of about 2 years before they would be ready. I was told last week that they just closed on the financing....who knows. Did you have any trouble getting your money back? I was thinking of doing the same thing and holding a unit, and seeing how the project develops, since I'm not moving back to Houston for another year anyway.

    We were told over 3 mos ago they were closing on financing. We had no problem getting our earnest money back because we cancelled the check. They never cashed it!

  2. Just thought I would give a little insight to this development.

    My wife and I put a lot hold on one of the "brownstones" in this community for phase I. We handed over our money in March and we were told about 8 months until completion.

    We were also told that we would be updated on the status of ALL the unknowns...upgrades and such. The realtor from the broker handling the sales seemed to have no answers for us. EVERYTHING was always "we have to wait and see what the developer decides".

    My wife and I were okay with this because we knew we had gotten into this development in the early stages...however, we never heard anything from ANYONE again. That was March, this is July. Four months later we decided to go with a true homebuilder and called to cancel our lot hold. Our realtor had left the brokerage office(for reasons valid), but we were never contacted. WHAT!!! Not a single soul from the real estate team tried to contact us, to let us know that our agent had left.

    And if it could get any better...the developer doesn't own the land. Not yet at least. That might answer some of those "why haven't they started ANY construction yet" questions!

    Beware of this development!! And real estate team...they seemed to have no idea what was going on!

×
×
  • Create New...