I would stay away from any new contruction/conversion right now. There is going to be a lot of price cuts, and developer closeouts. This could be very dangerous for you. You dont want to buy something and then see your neighbor pick one up a year later for 100k less than your price. I would stick more with an established building.
If your looking to buy, go out and get a good buyers agent. This way you have someone to walk you through the buying process, at no cost to you. I would be happy to help.
Americorp Real Estate
Brokers Associate, e-PRO