New construction - to buy or not to buy

[Sesha Bhojanapalli]

Hi Everyone

My realtor provided had introduced me to a multi duple properties (attached to each other) with home owners association etc. 

The building will not be ready to be moved in till next year August. I am to pay an earnest fee of $5k. The property is in an upcoming area with lot of great amenities. 

The problem(s): My real estate attorney looked at the contract and basically said that this is cover your *** contract.

To do or not to do: 

pros: The property will be managed by a company as its out of state; secondly, its a good property area, up and coming area; I am only paying earnest payment as of now

cons: not going to be ready as per the builder till next year; CYA contract by the builder.

Please advise on what is the best route for me here.