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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 03 Feb 2005 22:19:20 +0000 /

Author of the message: sufaud

Title of the message:
NYT: Condo Fever Turns Buyers Into Early Birds

Text of the message:
The New York Times
Home & Garden
February 3, 2005
TURF
Condo Fever Turns Buyers Into Early Birds
By MOTOKO RICH
Photo 1:
http://tinyurl.com/4q8hu
Caption:
Lori Berkowitz for The New York Times
THE BUYING GAME Hopeful shoppers lined up last fall to see new condos in
Brooklyn.
ANGELINA UMANSKY, a 39-year-old spa owner from San Francisco, was visiting a
friend in Miami two weeks ago when she heard about a new condo development
downtown. Hoping to find a vacation home, but worried that others were
interested, too, Ms. Umansky arrived at the sales office at 8 a.m. the day
after seeing some model units.
About 50 other buyers were already in line. Two hours later, a sales agent
summoned her and said she had four minutes to decide which unit to buy. She
acted fast, offering $350,000 for a two-bedroom, two-bathroom unit.
Ms. Umansky thinks she got a bargain; when she called on behalf of a friend



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