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Real Estate
Reply to "Buying a house with open permits"
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[quote=Anonymous]I bought my first house with no permits filed on adding a third bath, a dormer in MBR, florida room conversion and a back deck. My Bank could care less . My lawyer drew up a contract and we put funds from sale in escrow that I could use to file permit fees and pay for any stuff needed to get permit. Of course with sellers lawyers and my lawyer inolved. Only thing I had to do was make 2 trips to town to get permits filed, a few phone calls, inspector came twice. Once to look, found one minor thing, of course his BIL is an electrician if I hired him it should be good. I paid that guy $250 bucks. Permits were like only $250 bucks. I got permits, I got sent $500 out of escrow and seller got back his funds. My lawyer had $20,000 in escrow so seller very happy I got it done for $500. Town told me they get this all the time, homes sell ike this. They work with buyers as it is not our fault. I debated skipping permits but it was a lot. [/quote]
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