Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

1
Posts
0
Votes
Beth Chang
0
Votes |
1
Posts

Trouble Selling Condo Unit, Structural Issues HOA Won't Fix

Beth Chang
Posted

Hey everyone, looking for advice.

We have owned a condo (3/2) for 10+ years and the market is now favorable for selling.

We have had two full price offers both of which terminated during due diligence due to subtle structural damage, moisture, and rusting on the old cast iron pipes under the common building.  This was found by the inspector on the first contract (who actually should not have had access to the common space under the building where he found that damage).  He unfortunately was the same inspector for the second sale.

This is clearly going to be an issue as we will need to disclose to any future potential buyers.

I contacted our HOA. Apparently the second buyer terminated rapidly after talking to neighbors who told her the HOA is very slow and reluctant to proceed with repairs.

If any of you guys have dealt with a similar situation we would love the advice. I wonder if there is a legal leg to stand on to force the HOA to proceed.

The complex is made up of several different buildings, some with 3/2, some with 2/2 condos, and some with 2/2 townhouse, so the structural damage is unfortunately pertinent to our unit of 8 dwellings (4 front, 4 back). It seems that the rest of the HOA would be less willing to use the condo coffers to pay for it.

Thanks in advance!

Loading replies...