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Brix Buyer Tells All

By July 16, 2008

A Brix buyer rights in with what is going on:

Not only was there a change in contractors at the Brix, tentative closing dates delayed for Broadway side of project till November. Buyers were also asked to sign new contracts that would allow for an additional 120 days, if closing not accomplished in November. Last buyers meeting in May 2008, buyers were advised closing would happen July for tenth street side, August for Broadway side. Now first of July buyers received new contract in mail with instructions to sign and return; as well as, advisement that closing dates delayed. I am one of those buyers at Brix, who marketed and sold home in the attempt to match timing of closing at Brix per seller information. Now trying to find short term housing for 4 months is a challenge, and hoping it is only for four months-question why were buyers asked to sign new paperwork that essentially would allow sellers to extend closing dates out another 120 dates. I chose not to sign.

Delays; one of several downsides to new construction.