A Brix buyer forwarded me their recent buyer’s email. Here’s the highlight:
Great News! Today the 10th Avenue side of Brix received it’s “birth certificate!”
The City of Seattle issued a TCO (Temporary Certificate of Occupancy). This means that we are right on schedule for closings on the 10th Avenue side as noticed. Buyers on the 10th Avenue side have done their initial walk through orientation, and crews are working hard on punch-list items in preparation for the second walk and closing.
I drove by it tonight, looks good! Brix buyers, are you excited? :)
Popularity: 16% [?]
4 responses so far ↓
1 ssilvy // Sep 7, 2008 at 8:58 am
I was excited, but not so much now things are cooling off. A few layoffs already at my small co. Felt safe when I signed but now feel only safe-ish. Like maybe the reward doesn’t seem worth the risk. I’m a chicken, I know, but I kind of wish I could go back to renting for a year or so…
2 Dan C. // Sep 8, 2008 at 10:28 am
If you have cold feet, there is no reason why you should consummate the transaction. The most that you stand to lose is your earnest money. If you can’t afford the condo and close anyway, you stand to lose a lot more than that. Call a real estate attorney and have them review your P&S.
Or, go back to Schnitzer and tell them you won’t close unless they renegotiate the price, due to general market conditions. They might flex a bit of muscle, but they are desperate to keep buyers in any condo project and will make concessions.
3 brix, hope floats? | Seattle Metblogs // Sep 9, 2008 at 12:12 pm
[…] roller rink, I’m hoping that the news that buyers are getting their first “TCOs” [urbnlivn] (don’t ask me, I’m a lowly renter) means that the rest of us are closer to seeing […]
4 REGUY // Nov 2, 2008 at 2:37 pm
ssilvy,
why didnt you take the out and get your earnest money back. didnt they ask you to sign an extension for your close date? that was a sure fire out of the agreement. if you dont feel comfortable, dont let those theifs at schnitzer rope you in a lousy agreement. those boys are crooks.
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