At the time of the sale, we were purchasing this as a condo unit.  The day after we backed out, they informed us they were going to be converting to town homes.  This would have particularly upset me had we moved forward as:

1. The mortgage we had lined up was for a condo, not a town home

2. Under the town home model, each unit owns the land it is on.  This would have instantly made the back units more valuable as they each have a nice size yard.  The unit we were looking at was one of the front units.

That said, some questions that I never received answers to:

In reading over these, one thing I’d like to understand from the seller is what the property taxes are on the common elements.  This is part of what the association fees cover and would seem to be one of the larger expenses.  However, I have no idea how to find out what the valuation of the common elements are and/or what they are taxed at.

In addition, can we find out who covers the “unsold” units – I’m assuming it is the seller and they contribute the same per unit into the association fee as we do… is that right?

Again, just more things leading to the perception that something was not right.