Condo Developer Underpricing : RealEstate


I bought a condo in a 20 unit new construction building 10 months ago, I was the 2nd unit owner. Upon my closing I noticed that other units had their prices slashed up to 150k. I went from having purchased the 2nd least expensive unit to the 6th most expensive unit in the building.

Today I find out that the penthouse unit in my tier is being listed with a rooftop space I don’t have and an additional parking space for the same price for which I purchased my condo, ultimately devaluing my property. This is a price drop of 150k.

Do I have any recourse with the developer selling this unit to protect my value? I think this is an excessive price drop in a short amount of time.



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