Does the developer have to finish a Condo/Townhome development that is under construction ?
No. Unless the developer has specifically contracted to complete the development, it can stop construction of new units at any time and sell any remaining undeveloped portions of the development (subject to applicable local and state laws). When dealing with new projects, the Brokers at McDevitt Sotheby’s International Realty always consult with the Managing Broker of the firm, who will make certain that all steps are taken to protect the client as a potential buyer.
