I purchased a condo unit in a new development and after closing, I learned of a significant error in the installation of plumbing in my bathroom, which was completely hidden from view. I had my lawyer review the contract and per the warranty, the developer is obligated to fix it, but they are saying that it's impossible to fix. The contract further stipulates that any disagreements must be resolved by an arbitrator at the AAA.
The plumbing flaw is significant enough that it will make it very difficult for me to sell. Several people I've spoken to have told me that they wouldn't purchase a condo unit with such a plumbing flaw. I intend on pursuing monetary compensation through arbitration, but I'm wondering what the appropriate amount would be. If the unit is not sellable, should I pursue 100% of the purchase price? How can I convince an arbitrator that it's not sellable?
Any guidance here would be appreciated.