Monday Morning Condo Blogging, vol. 12: The Late-Night, Too-Sleepy Edition
Let the general whining about being too busy to post commence: I’ve been too busy to post today.
But the whining is too boring even to me, and so I’ll just call a halt to it there.
Except to say that one of the things that I was also too busy to do was to take the twenty seconds necessary to plug my camera into the computer in the office and download this weekend’s pictures, so as to properly post once I got a little less busy. And while the camera’s home with me, the cable’s in the office. So no pictures tonight either.
I’ll hold the pictures for a later date, but give you only a tantalizing preview-in-text: light fixtures. A hot water heater. Paved walkways. And a driveway. And the absence of that construction-fencing surrounding the building. And the presence of actual locks on my doors. And railings on my balconies.
So there’s been substantive progress, but there’s a piece of condo news that far outstrips any of the above. I was unable to get ahold of the director of real property here at the college today (have I mentioned before that we have an astonishing college mortgage program? If not–well, we do. And that makes the director of real property my lender, which is why I need to talk to her about what follows. But was unable to, because [see whining above]) in order to discuss this with her, so I’m not at all sure what’s going to happen. But the builder on these condos is apparently looking to get as many of them off of their inventory by the end of the year as possible, I suppose so they don’t have to pay taxes on them. So they’re trying to close every sale that can possibly be closed by December 30. But because the properties won’t actually be inhabitable at that point–the final inspections won’t have happened yet, and some work may not yet be done–what they’re asking for is to have the closing at the end of December, and then actually turn over the keys when everything is done.
What makes this even remotely interesting to me is the following: a flat $1000 for the general inconvenience, plus $150 per day for each day between the closing and the turning over of the keys.
We’ll see what happens. Whether my lender objects to the whole handing over a huge pile of cash without the thing it’s being handed over for actually being ready scenario. But it’s intriguing to me, and not least because the builder actually thinks that it’s financially in their best interests to hand me this cash rather than keep the condo on their books. Which means it can really only be so far away from completion.
No mentions yet.