Was there anyone here working in Brooklyn? I have two questions: 1. is it true…
Is anyone here working in Brooklyn. I've got two questions:
1. Is it true that in Brooklyn, apartments should not be sold on paper, but only after construction is completed?
2. How is the neighborhood park slope?
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Greetings
Not only in Brooklyn, but in a large part of the US states are not allowed to charge more than 20% until the apartment is removed, but there is also a prospectus.
Park Sloop is a very strong neighborhood of yuppies.
Remember and remember everyone prices in Brooklyn are falling and it takes longer to sell homes.
That's one of the reasons Brookland went bankrupt
Park slope
Neighborhood Fire
I do not build new units but I have not heard of such a law and also remember seeing projects that sell apartments before.
I've seen people enter into contracts but basically can't sell an apartment without CO
Like 4 form then so there is a contract but the apartment has not passed ownership yet
Hello friends, I did 17 entrepreneurship projects in Brooklyn…? In all America there is no law that you should not sell before the end of construction… You can sell, but the money must go into trust מא So since the contractors do not get the money, there is no real reason to sell first… Especially if you sell on paper you get less money… Brooklyn was in the market for a long time… Who sold at the end, got a higher price… Whoever sold at the beginning and put the money in trust also lost the price increase and also could not use the money .. this is the situation. Therefore in practice there is no reason for the contractor to sell before final… Good luck to everyone
Tuvia Marmarelli
TuviaMarmarelli
Maybe I can shed some light?
No disrespect to the question but if you ask about the Park Slope neighborhood. I would do a lot more research before entering the market. I say don't mock those for warning. It's a very, very familiar neighborhood (good, well-established, expensive) and if you ask about it then I'd say there's a lot more to learn about the ups and downs of the New York real estate market.
Hi Ren. I worked in a real estate office in Queens and Brooklyn for a number of years but we were not engaged in new construction so I have no answer but sure forum members will be able to help. Thanks for the question. The second question is very general whether you can hone. Successfully!