Q: If a car dealership is to tear down a neighborhood, would the seller be required to disclose before selling?
Just found out, AFTER purchasing the home that a dealership is scheduled to tear down homes around mine. This will bring the value of my home down tremendously, and it was not disclosed prior to me purchasing the home.
A:
Unfortunately for you, no. Although, sellers will typically provide a "seller's disclosures" they are not legally obligated to do so. If they did provide a "seller's disclosures" and proactively said that they were not aware of any major changes to the neighborhood when if fact they did know about it, then you might have something.
As is, it is an arm's length transaction and discovering items such as this is part of the buyer's due diligence. I don't think that this was the answer you were hoping for.
Sorry, and best of luck.
Wes
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