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Updated almost 5 years ago,

User Stats

807
Posts
473
Votes
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts

When you find out the property you just bought has a demo order

Nat C.
  • Investor
  • Miami, FL
Posted

So I just bought a house and started some repairs and the city turned up and informed my contractor the building has been condemned and has an existing demolition order.

I just assumed this kind of thing was supposed to be made privy to the buyer before they purchased the property. Obviously it reduces the property value substantially.

I certainly didn’t get any discount for it being condemned.

Is there any route to go back to the title company or the listing agent and seek compensation?

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