unpermitted additions

[scaredyclassic]

house listed with unpermitted additions.
says cash only.
what re the downsides generally to unpermitted house additions? Why can’t it be financed at least for some value?

[UCGal]

In theory, the governing authority (city or county – depending on your location) can have you take out/tear down the unpermitted stuff. Or they can have you pay for inspections to them and require you to do the work to bring it up to code.

Lots of unpermitted work out there – if it was done to code and zoning rules you might be able to keep the unpermitted additions.

[UCGal]

In theory, the governing authority (city or county – depending on your location) can have you take out/tear down the unpermitted stuff. Or they can have you pay for inspections to them and require you to do the work to bring it up to code.

Lots of unpermitted work out there – if it was done to code and zoning rules you might be able to keep the unpermitted additions.

[UCGal]

In theory, the governing authority (city or county – depending on your location) can have you take out/tear down the unpermitted stuff. Or they can have you pay for inspections to them and require you to do the work to bring it up to code.

Lots of unpermitted work out there – if it was done to code and zoning rules you might be able to keep the unpermitted additions.

[UCGal]

In theory, the governing authority (city or county – depending on your location) can have you take out/tear down the unpermitted stuff. Or they can have you pay for inspections to them and require you to do the work to bring it up to code.

Lots of unpermitted work out there – if it was done to code and zoning rules you might be able to keep the unpermitted additions.

[UCGal]

In theory, the governing authority (city or county – depending on your location) can have you take out/tear down the unpermitted stuff. Or they can have you pay for inspections to them and require you to do the work to bring it up to code.

Lots of unpermitted work out there – if it was done to code and zoning rules you might be able to keep the unpermitted additions.

[peterb]

If other banks have funded it in the past, it will probably fly. But going forward and trying to do things by the book will be problematic as the govt will want you to make all the old unpermitted work “good”.

[peterb]

If other banks have funded it in the past, it will probably fly. But going forward and trying to do things by the book will be problematic as the govt will want you to make all the old unpermitted work “good”.

[peterb]

If other banks have funded it in the past, it will probably fly. But going forward and trying to do things by the book will be problematic as the govt will want you to make all the old unpermitted work “good”.

[peterb]

If other banks have funded it in the past, it will probably fly. But going forward and trying to do things by the book will be problematic as the govt will want you to make all the old unpermitted work “good”.

[peterb]

If other banks have funded it in the past, it will probably fly. But going forward and trying to do things by the book will be problematic as the govt will want you to make all the old unpermitted work “good”.

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[Author]

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