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Updated almost 2 years ago,

User Stats

525
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745
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Ron Brady
  • Rental Property Investor
  • Burlington County, NJ
745
Votes |
525
Posts

Are we out of luck? Inaccurate listing square footage

Ron Brady
  • Rental Property Investor
  • Burlington County, NJ
Posted

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?

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