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#1
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Condo is not good. Can I move out?
Hello,
I purchased a condo about two months ago and my experience has not been good. My golf clubs were stolen from my car in the parking lot, the walls are paper thin, and planes fly overhead. I thought I read somwhere that condo owners are protected for 90 days from purchase in case of a breach or something and can actually back out of the deal. Is this true or am I imagining things? Do I have any options or am I stuck here? I could sell but it would be at a loss. Thanks for any help. |
#3
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Condo is not good. Can I move out?
In article . com,
wrote: I purchased a condo about two months ago and my experience has not been good. My golf clubs were stolen from my car in the parking lot, the walls are paper thin, and planes fly overhead. I thought I read somwhere that condo owners are protected for 90 days from purchase in case of a breach or something and can actually back out of the deal. Is this true or am I imagining things? Do I have any options or am I stuck here? I could sell but it would be at a loss. Once you close, it is pretty much your baby. If this was a pre- construction unit, you could back out up to the point of closing, but that (a) has to be in the contract, and (b) you still lose a lot of money when you forefit your deposit. BTW, having a 3rd party steal your golf clubs is not any kind of breach of contract between you and the previous owner. The problem would have to be something material, like the building foundation was cracked or the roof was bad. But even then, you should have had an inspection and walk-through to catch that kind of thing. -john- -- ================================================== ==================== John A. Weeks III 952-432-2708 Newave Communications http://www.johnweeks.com ================================================== ==================== |
#4
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Condo is not good. Can I move out?
John A. Weeks III wrote: In article . com, wrote: I purchased a condo about two months ago and my experience has not been good. My golf clubs were stolen from my car in the parking lot, the walls are paper thin, and planes fly overhead. I thought I read somwhere that condo owners are protected for 90 days from purchase in case of a breach or something and can actually back out of the deal. Is this true or am I imagining things? Do I have any options or am I stuck here? I could sell but it would be at a loss. Once you close, it is pretty much your baby. If this was a pre- construction unit, you could back out up to the point of closing, but that (a) has to be in the contract, and (b) you still lose a lot of money when you forefit your deposit. Whether it's pre-construction or not has no bearing on being able to back out of a contract, unless there is some specific local law that applies. In most cases, you can get out of the contract if you are willing to forfeit the deposit. BTW, having a 3rd party steal your golf clubs is not any kind of breach of contract between you and the previous owner. The problem would have to be something material, like the building foundation was cracked or the roof was bad. But even then, you should have had an inspection and walk-through to catch that kind of thing. -john- Simply having something material wrong with a home is not a valid reason for undoing a sale. In every location I'm aware of, you'd have to prove not only that there was a significant problem, like a roof that was shot and leaking, but also that the seller knew about it, did not disclose it and that you as buyer did not know about it at the time of sale. Even then, it's would be extremely rare for the actual deal to be undone. The most you usually get is compensation to fix the problem. BTW, am I the only one that thinks the OP is a troll? -- ================================================== ==================== John A. Weeks III 952-432-2708 Newave Communications http://www.johnweeks.com ================================================== ==================== |
#5
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Condo is not good. Can I move out?
wrote in message ups.com... John A. Weeks III wrote: In article . com, wrote: I purchased a condo about two months ago and my experience has not been good. My golf clubs were stolen from my car in the parking lot, the walls are paper thin, and planes fly overhead. SNIP -john- Simply having something material wrong with a home is not a valid reason for undoing a sale. In every location I'm aware of, you'd have to prove not only that there was a significant problem, like a roof that was shot and leaking, but also that the seller knew about it, did not disclose it and that you as buyer did not know about it at the time of sale. Even then, it's would be extremely rare for the actual deal to be undone. The most you usually get is compensation to fix the problem. BTW, am I the only one that thinks the OP is a troll? I agree with you. No one can be that stupid. |
#6
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Condo is not good. Can I move out?
In article ,
"jerryl" wrote: BTW, am I the only one that thinks the OP is a troll? I agree with you. No one can be that stupid. I find the problem to be very believable. You never have any idea what you are getting into with multi-unit housing. A place could look nice and have real problems, or look halfway like a dump and be real nice. - One very high end unit that I lived in had a problem with a gang of 11 to 14 year old boys who like to vandalize cars in the underground parking lot. One night, they tried to steal the radio out of a jeep. Turned out it was owned by a marine recruiter that lived in the building. He chased down 4 of the kids and put them all in the hospital. That thankfully solved the problem, something that the management, parents, and police were unable to do. - One high-rise that I bought into had a women's shelter located about 3 blocks away. The place was great, right up until about 1AM. At bar closing time, dozens of drunk men would show up and start yelling at their wives (who were in the shelter) to come out and go home with them. They would be out there yelling until about 4AM or 4:30AM. That would ruin any chance of getting a good night sleep. I could go on and on with stories about places that I have bought and sold, but two should be enough to get started. -john- -- ================================================== ==================== John A. Weeks III 952-432-2708 Newave Communications http://www.johnweeks.com ================================================== ==================== |
#7
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Condo is not good. Can I move out?
"John A. Weeks III" writes:
I find the problem to be very believable. You never have any idea what you are getting into with multi-unit housing. A place could look nice and have real problems, or look halfway like a dump and be real nice. [snip] I am sure that problems with teenaged vandals and late-night noise are not peculiar to multi-unit housing, but are problems in some neighborhoods generally. If you aren't already familiar with the neighborhood where you are considering buying a home, it pays to do some research, talk to the neighbors, etc first. Frankly, I don't have much sympathy for somebody who fails to take into account airport or highway noise when buying a home, since that ought to be pretty obvious just by looking at a map. -Sandra the cynic |
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