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Updated over 7 years ago,

User Stats

111
Posts
29
Votes
Jefferson Gan
  • Investor
  • Matawan, NJ
29
Votes |
111
Posts

Buyer responsible of Certificate of Occupancy question

Jefferson Gan
  • Investor
  • Matawan, NJ
Posted

Hi All,

I want to ask if buying a house as-is and buyer is responsible for Certifcate of Occupancy (COO). How will repair work out since this COO needs to be done prior to closing and even before loan is approved? If anyone also has experience of Buyer getting a COO in Freehold Borough in New Jersey can you please share your experience. I saw in their website "The Inspectors review structural construction, plumbing, heating and air conditioning, and electrical work prior to the issuance of a certificate of occupancy to insure compliance with the State Uniform Construction Code."

By looking at that statement will that mean I need to repair everything that might fail the inspection? But issue is property is still owned by the Seller so how will that work?

Appreciate your comments or experience in buyer getting the COO.

Thanks -- Jeff

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