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Updated about 6 years ago on . Most recent reply

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Sean Herndon
  • Cornelius, NC
0
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Issue with setback on our first house hack

Sean Herndon
  • Cornelius, NC
Posted

Hi, 

We are working on our first house hack.  We are still in our due diligence period.  So far, inspections are all good. We elected to have a survey conducted, and its come back where the house crosses into the setback by .3 inches.  

Our realtor reached out to the city, who verbally indicated they wouldn't take any action - but, even if this is true, I am concerned about our ability to resale the house in a couple of years.  And, other than trying for a price concession, what other remedy could/should we even consider?  

Anyone else come across a similar issue?  We feel like we got a good deal on the house, but we are torn whether or not to move forward.  we are probably out 2-3K at this point in fees (appraisal, inspections, etc) if we walk away.

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Chris T.
  • Investor
  • Downers Grove, IL
955
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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Sean Herndon

In our town, residents can file a variance if they want them to exempt certain requirements, such as the setback in your situation. 

It really depends on how strict and rigid the village/city your property is in. 

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