Updated about 7 years ago on . Most recent reply
When the MLS fails you
Hey folks I was just about 2 weeks from close on a SFR townhouse in my hometown. Unfortunately we learn via a MLS omission by the listing agent that the property was actually a condo and has an high HOA fee for the area. This is a double whammy because in the area condos have an pseudo equity "ceiling' the appraisal and secondly the HOA cuts about 40% of my projected free cash flow. After we found out I asked the seller for a $4K credit which could cover the HOA for about 5 yrs but I don't believe the equity increase will catch up. My numbers and brain say run. Do you think I can get some my earnest money back because of the omission?