tag:blogger.com,1999:blog-4797432599663441966.post8298696463936749693..comments2007-02-08T00:34:47.113-05:00Comments on BLOG.FranklyRealty.com: GetOutOfContracts.com, Got an Overvalued New Condo...FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4797432599663441966.post-15783153860846982622007-02-08T00:34:00.000-05:002007-02-08T00:34:00.000-05:002007-02-08T00:34:00.000-05:00Dear Anonymous 1,That is the way it used to be. Ne...Dear Anonymous 1,That is the way it used to be. New condos were sold for $50k under the current market rate and when completed a year later be valued $100k higher. Now the reverse is occurring. People have contracts for places that are now selling for $50,000 less!Another reason to get out of a contract might be if the builder is dragging their feet. They are supposed to complete the project FRANK LL0SA Brokerhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-77068133494099571322006-12-21T11:00:00.000-05:002006-12-21T11:00:00.000-05:002006-12-21T11:00:00.000-05:00Thanks for your blog-I live in Northern VA myself ...Thanks for your blog-I live in Northern VA myself and I am counting down the days to this all crashes. I have been priced out of the market for years!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-7222035814487061332006-12-20T10:51:00.000-05:002006-12-20T10:51:00.000-05:002006-12-20T10:51:00.000-05:00Frank, thank you for this information. I came acr...Frank, thank you for this information. I came across a buyer who is considering taking a $50k loss to get out of his contract. I have passed the link onto his agent and hopefully he'll be able to recover some or all of his earnest money. Thank you again!Elysiahttp://www.blogger.com/profile/00871689746865055141noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-64239940966576086102006-12-20T02:34:00.000-05:002006-12-20T02:34:00.000-05:002006-12-20T02:34:00.000-05:00when would you want to do this? if your pre-const...when would you want to do this? if your pre-construction contract was for a place that was valued much much higher than the value it's probably worth at present? i thought pre construction prices were cheap?Anonymousnoreply@blogger.com