Is nearby development grounds to void purchase agreement?We are currently under contract on a home and just learned that an apartment building is being constructed approximately 500 feet from the property we're purchasing.Is this grounds enough to void the purchase agreement? Does our research on the nearby properties fall under the "inspection" clause? The seller and his realtor are trying to tell us it is not.We're concerned both about the aesthetics of a 3-4 story apartment building in view, as well as its impact on our property value and ability to re-sell in the future.Any help and advice would be appreciated.January 19 2013 - Hastings0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.