Investment Condo

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I will like to buy a 2bdr/2bath condo in Piscataway,NJ. I want a quick resale for a profit.
The builder is asking 250 000.
I gave 1000 deposit for a week,after ,they want a 5% down, non refundable,subject to attorney review.
The contract is not assignable. I have to close first and then sell.
Closing is projected to the end of 2004.
It is worth it?

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