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Updated over 8 years ago on . Most recent reply

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21
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8
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Adela Mizrachi
  • Real Estate Investor
  • Chicago, IL
8
Votes |
21
Posts

Selling a property with a stop work order?

Adela Mizrachi
  • Real Estate Investor
  • Chicago, IL
Posted

Does anyone know if it is possible (from a legal standpoint) to sell a property that has a stop work order on it? We're doing a flip in a suburb of Chicago and we didn't pull permits and a stop work order was put on the property. We are in the midst of trying to rectify the matter, but have quickly realized that the village is a huge pain to deal with and it has delayed our project by 6 weeks already. We are more than halfway done with the work and are considering putting the home on the market and just cutting our losses. Any advice would be greatly appreciated.

Most Popular Reply

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144
Posts
58
Votes
John Whittle
  • Vendor
  • Cincinnati, OH
58
Votes |
144
Posts
John Whittle
  • Vendor
  • Cincinnati, OH
Replied

I don't believe there is anything wrong with selling as is or with a disclosure.  I'm guessing you'll lose way more money selling it half rehabbed with a stop work order. Might as well finish it.  Make sure your contractors are up to the task.  Around here inspectors are generally nice and easy to work with. At the same time no one in my area seems to care about permits.  Not even the inspectors, its only double the permit fee if they catch you and don't like you. 

If you've been assigned a main inspector.  I'd call him and setup a meeting with him, yourself and your contractor at the property.  Lay it all out tell him exactly what you want to do and ask him what he needs from you to move forward with the project.  Thats the one thing that worries me about your contractor.  If this was my project I'd be on it and working it out with the inspector.  If your contractor isn't and doesn't seem to want to deal with the inspector you should probably find a new one.

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