Kightsbridge at Stoneybrook Folds
By: Marcus Burke
It seems the Knightsbridge at Stoneybrook conversion may be just the latest in a long list of properties that sadly have been unable to weather the storm. I took a call from London a couple of days ago from a woman who had purchased there, only to find out that her investment was just a house (or condo) of cards. And so another condo goes back to the rental market – and she’s starting her search again from scratch.
This is where having a condo specialist working for you can save you a huge headache. Good agents keep their ears to the ground and have a pretty good idea which condos are likely to be built (or successfully convert). Personally, I’d be pretty cautious about purchasing a conversion in the absence of a pretty clear indication that closings were already taking place or were imminent. Don’t get me wrong, there are some great conversions out there (I live in one) and right now there are some very sweet incentives on offer. But you need to know where they are. Keep checking in with Condo Metropolis and we’ll be sure to keep you in the Orlando condo loop!
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Orlando condos: New, Conversion or Pre-Construction? at The Condo Metropolis Blog on 19 Aug 2007 at 2:42 pm
[...] make his presale requirements and the project folds before breaking ground? What happens then? You get your check back in the mail. If you’re lucky. And you’re back at square [...]
Knightsbridge at Stoneybrook sells for 45 Million at The Condo Metropolis Blog on 12 Dec 2007 at 5:19 pm
[...] April, we brought you news of Knightsbridge at Stoneybrooks demise. This week’s Orlando Business Journal reports that TA Associates, a Boston firm, has now [...]