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Updated about 7 years ago on . Most recent reply

User Stats

31
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2
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Sunny Pyun
  • Rental Property Investor
  • Brooklyn, NY
2
Votes |
31
Posts

"Open permit" for a deck

Sunny Pyun
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi there. I'm closing on a HUD property in Beacon NY. There is an "open permit" on the deck, and my lawyer said I need to have the deck inspected post closing by the building department, who would then tell me if it was built to code, and if so, issue a certificate of occupancy. If it's not, it may mean I have to improve elements of the deck to get it compliant. I'm based in NYC, and this type of issue usually costs a lot of money to get it compliant. Is it the same case upstate? And if so, do you think last minute price negotiation is possible? Thank you fellow investors.

Most Popular Reply

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4,335
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4,243
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Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
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4,335
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

Hud will not renegotiate.  You only options are to close and accept the responsibility or terminate and lose your earnest money

  • Greg H.
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