BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago,
Are we out of luck? Inaccurate listing square footage
We bought a MLS-listed distressed property sight unseen through our local real estate agent. We live in Mexico and bought in NJ and moved fast because we know the community and believe the home is a good BRRRR prospect. The listing square footage was 1,748. We've learned, well post purchase, that the actual livable square footage is 1,549, 11% less. Naturally, this difference meaningfully impacts our originally projected after repair value.
Anyone here experience this and successfully pursued legal recourse with the seller, listing agent or buying agent? Or are we simply out of luck because we bought it as-is and did no inspections?