Quote:
Originally Posted by GusMan
Hey Tis.... Totally understand what you're saying.... just passing along some personal experience..... as a buyer beware! Not trying DIS a particular property but trying to help new buyers understand the games that are sometimes played.
That AD struck a chord with me... stating that the property comes with a dock *may* be true.... but clearly, not all six units could place their boats on that one dock. And trust me.... if it's not in writing, the newcomer will be at the bottom of the totem pole.
Here's another example....I signed a purchase and sale agreement on an association house on Winnie..... advertised as a vacation home with 4 season access to the lake, directly on the snowmobile trails...with deeded dock (negotiated separately).... All of this was technically true... except the house wasn't insulated (and could not be easily be retrofitted).... and the sellers we not willing to negotiate a new price.
And FWIW, the listing agent essentially admitted misrepresenting the house as he immediately returned our deposit *and* offered to reimburse us for our home inspection.
So those looking for a bargain... just be careful..... that is all!
Happy house hunting!
Gusman
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Did you sign the P&S before looking at the house or did you not realize it wasn't insulated until the home inspection happened? I can't imagine you signed a P&S sight unseen did you?
I would assume the ad is technically true and it's main purpose is to get traffic to look at the house. After that, it's up to the buyer to be doing their due diligence to understand what is or isn't included, especially in an association setting.