Is your purchase in the State of Florida?
Did you receive the Condo Documents and did you read them?
Did you visit the property with your Realtor? Was inspection done?
Did the appraisal reveal the square footage and that's when you found out about the difference in square footage?
These are all questions that need an answer prior to closing, you are paying per square foot, so are you paying for non existing sq. ft.?
Your Realtor if not his/her BROKER should be able to help you. I would contact the BROKER to your REALTOR.. I hope this helps.
Iris N Cortez, P.A.
My advice: f you are not represented by a Realtor, consult a Lawyer to see if you still have time to withdraw.
Hope this helps!!
Maria A Ballestrin
Elite Miami Realty, LLC
Tammy Hayes, Realtor
Re/Max Palm Realty
In conclusion, how would you like to proceed in regards to your purchase? You obviously liked the place when you saw it and apparently the difference in living area was over-looked.
I see that everyone is advising to get out of contract and to hire an attorney...but is that even the course of action that you are considering?
What will be best option for me.
It's very suspicious that you would get this close to closing without finding this out. Did you also elect not to get a private inspection done? That should have uncovered the discepancy as well.
If there was true misrepresentation then you should hopefully be able to back out and get your earnest money back. You are likely out any monies you have spent on inspections and appraisals, since those were conditions of your lender and the seller did not require you to get those.
Best of luck!
It might be listed as a condo because of the property's legal description.
It could be fairly well a townhouse.
If you need anything else, feel free to contact me.