Under contract for primary res. - non-permitted garage conversion

[Marc M.]

So I'm under contract to buy a SFR that had a two car garage converted into living space but a permit was never pulled - yes, I knew about this before submitting the offer. There is a 12 day inspection period that I can back out but at this point, I see no reason to unless the home inspection turns up something major.

I'm not particularly worried about it but I'm looking to get some feedback on how this could potentially come back to bite me in the future. So far, it seems like a stretch that it would be an issue with the county. Is there anything obvious I'm missing that I need to take into consideration? 

Thanks in advance!

Marc