Code Inspections Before Closing!

By
Real Estate Agent with http://www.CapeGroup.com & http://www.REindex.com 9023635

One more reason to use a real estate professional when looking at property - is that multi-family approved or not?

I just read a case in Illinois where sellers had been delayed from closing on their homes because the city had not inspected the homes for code violations. Yep, there is a new local law in that town that says the town inspector has to pass on the property before it can close. I understand the idea, but the application seems arbitrary.

This local ordinance applies to current sales. That means that if you own a property, you can't sell it unless you resolve all the code issues that may have been there, unidentified, when you bought it.  It seems by the case papers that there may have been a goal of causing un-permitted multi-family dwellings to stop operating. 

In any event, the idea that town government will now make current owners responsible for past, tolerated or overlooked code issues, will be a problem for many owners. I could see enforcing new construction or renovation projects to come into compliance, but policing retroactively based on a sale appears to be pretty far reaching.

One more reason to use a real estate professional when looking at property - is that multi-family approved or not?

Here's a link to the case: http://caselaw.findlaw.com/data2/circs/7th/091681p.pdf

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Illinois
Groups:
Realtors®
USA Realtors
Real Estate Consultants
ABC's of Real Estate Marketing
Real Estate Trends
Tags:
illinois real estate
real estate future
real estate

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
597,621

Associate Broker Falmouth MA Cape Cod Heath Coker

Heath Coker Robert Paul Properties Falmouth MA
Ask me a question
*
*
*
*
Spam prevention

Additional Information