The other day a friend of mine told me of a problem he was having with one of his 5 alternate homes. He travels between them and lives a life of leisure and likes to have his own place when he visits his favorite cities for a month or two at a time. Your basic perfect neighbor, hardly ever there and never bothers anyone. Unfortunately, this mild mannerism and graciousness is not always reciprocated.

Let me re-tell you the story he told me. One of his 5-homes is in a very nice resort type town, and this particular residence is a Condo. Above him is a Doctor who really is, well, a not so nice person. Apparently, his drain on his bathtub or shower leaks and has been for quite a while, it leaks down through the ceiling and the walls into his condo. When the doctor was told of this, he said, it doesn't bother him in the least, nothing on his upstairs condo is leaking in his bathroom. Right - water goes downhill!

Condo Living Room1

Well, it just so happens that my friend found a stand-alone home he really likes in the same city, prices are lower than usual, but it has not taken the huge hit that other parts of the US housing market have. His condo has held because it is a choice place to live and the home he wants has taken a little bit of a beating, so he figures he can move straight across on cost. Good for him right, condo will sell fast and the home can be bought for a lower than normal offer. He doesn't have to sell the condo to buy the home, but no longer needs the condo and does not wish to deal with it or this neighbor of his.

It turns out however that the Doctor will not fix his leak, so my friend cannot repair the damage and sell his condo. Worse there is the problem with mold issues if it is not fixed. My friend had to take his condo off the market, while he is entertaining offers. A couple of buyers are irate. The doctor doesn't care and although the home he wants to buy is not going to sell tomorrow, it will eventually sell. The condo he is selling is 1700 miles away and he now has to deal with all this. He likes the idea of owning a condo and has another, because it is little upkeep, when he is not there, but now he realizes that there is a price to pay for sharing walls too!

 

2 Comments on Sharing Walls can Become a Huge Problem - Condo Seller Learns the Hard Way!

FEB
23
2008
443,395 Points 10 Featured Posts Outside Blog
Ah the troubles of the rich!  Inconsiderate neighbors can run the tranquility of any place you own.  But on the other subject, do you think my silver spoon is coming in the mail?
4:57am • #1
2 Featured Posts
Russ, I am sure that soon your ship will come in. Just hope it is not one of those Cardboard things hanging from the ceiling of my Travel Agent here in Malibu, they have had the same one hanging up there for years? Its starting to look rather faded? Lance
5:19am • #2

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Lance Winslow

Malibu, CA

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The Car Wash Guy

Address: 74-478 Hwy 111, Palm Desert, CA, 92260

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Mr. Winslow uses the Active Rain Real Estate Industry Blog, to discuss issues that affect the Real Estate sector of our economy. His dialogues include such things as; droughts, subprime lending fallout, building materials, living off the grid, sales ethics, commercial property, crime, revitalizing downtowns, economic development, community volunteerism, and predicting the future of the real estate markets in the United States.


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