Have you ever bought something on Amazon, read the reviews, and then realized this wasn’t what you thought it would be when you received it? Well, so have I. Well, imagine buying an apartment, spending months getting a mortgage and board approval,...
Have you ever bought something on Amazon, read the reviews, and then realized this wasn’t what you thought it would be when you received it? Well, so have I. Well, imagine buying an apartment, spending months getting a mortgage and board approval, and finally closing, only to feel the same way. There was a recent story in the news about a woman claiming to be misled about a sale, so today, we thought we’d address how to ensure nothing like that happens to you.
There was a story in the news recently about a woman buying a $19M loft that she thought had a full-time doorman, but apparently, it was a part-time doorman, and she backed out of purchasing the apartment. Now there is a lawsuit pending. You can take specific steps to ensure that the most important aspects of a sale are checked for you, and it’s always best to get everything in writing. First, an excellent real estate attorney is the key to ensuring a good outcome. Many of these points come up during the due diligence, so even if a broker made a mistake or a building policy changed unbeknownst to everyone, the attorney should be able to find out any details about a building and its policies.
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