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Today we are going to talk about why you don't want that CO problem to derail your sale. Significant alterations and additions to your property require paperwork, permits, certificates, compliance, and more. The bank generally won’t let you close without filling all of this out. The buyer and their agent will also make you get those before they buy. That means you care about it as well.
A typical scenario is that a week before closing, you will see there is no CO or open permit on your property. This is a problem. Now the buyer won’t move in, and it may take you weeks or months to get everything in order. You’ve got to be in compliance with the latest building codes, even if the codes were just recently upgraded. That is going to cost you time and money.
How do you avoid this scenario? Invest the time before you sell, check with your building department to make sure things are in order, and don’t let a CO problem derail your sale in Long Island!
If you have any questions about your CO’s and what you should do about them, give us a call or send us an email. We would be happy to get you pointed in the right direction.
