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Tax, SDIRAs & Cost Segregation

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86
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Corey Kenney
Pro Member
  • Realtor
  • Moorestown, NJ
24
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86
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Seller misrepresented the property and now I am under contract?

Corey Kenney
Pro Member
  • Realtor
  • Moorestown, NJ
Posted Sep 6 2020, 04:33

In my scenario the property was being marketed as having “Central Air” cooling and it actually spells It out on the listing twice so I didn’t question it and after seeing so many properties that day i assumed everything was good to go. What are my options? I know that sometimes a condenser gets stolen from the the outside but this has no AC at all and will now need the duct work as well as the AC system which could cost me 10-15K. That’s a big mistake in my opinion. Thanks

I’m sure I could use this error to back out of the deal but I’ve already invested time and money into this deal and I am currently in the process of applying for a land use variance(Rezoned).

Should the seller have to pay for the entire thing if they provided false information to the listing agent?

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