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Updated about 7 years ago on . Most recent reply
Property has open permit?
Has any one bought a property with an open permit and what problems have you encountered?
I am currently considering a bid on a property in Long Island, NY that has an open permit for a dormer that was put on by the current owner. My lender and agent have advised me against putting an offer in because they said it could be a problem with other potential issues during inspection. If the dormer is up to code however it will be around a 6k fee for the permit which will be deducted from my offer.
I don’t want to let this deal slip up if all that is holding me back is this permit as I will be able
To cash flow a property on long island that will also appreciate.
Thoughts?
TIA