Home, Land, Property Buying and Selling - Developer Has Sold Adjoining Land!!!

When I purchased my townhome 8 months it was presented as an exclusive gated community of mid price townhomes ($135K). I live in the back of the development and I back up to what was also a community with the same developer, but these were more expensive townhomes ($175K), it is also the section where our community pool is located. The builder has now notified us that they no longer plan to keep developing the more expensive side and they have sold the property to an apartment complex. Now instead of $175K townhomes behind my fence, I am going to have an apartment complex. Can I sue the developer as I feel this severely affects the resale value of my townhome. Thank you! Rebecca

Nope. Actually I guess you cuold try but it'll cost you a lot out of pocket and you won't win.

Sorry, the same thing has happened to lots of us.

Frank

Any chance the entire community of the townhomes that have already been built and sold could form a group for any type of lawsuit?

Check with local Zoning Office to see if property is zoned single family residential or multi-family. If single family, it would require a change in zoning law to make it multi-family. A single family residential neighborhood can protest before the zoning board. Zoning laws vary from area to area, and some can be very inflexible. Your local Zoning Office should be able to provide you with a copy of zoning ordinances for the property in question.

anybody can sue anybody for anything

if your willing to pay I m sure you can find a lawyer to file suit

question is are you likely to win

unless you have it in writing I would think not

Thank you! I will start there.

Look at your covenants and sales sheets, and advertisements. If you can show something was misrepresented, you might have a leg to stand on. But don't bet on it. Good luck.

This is why I want to live in the center of some property out in the boonies.

A bit off topic, but where in the world do you live that $135K is a "mid-priced" townhome? In my area that wouldn't get you a mid-priced garage.