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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
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Name
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CO question
We are working on selling my in- laws house for them. We are selling as is. There are several changes they made that require co's like closing off the garage. If we are selling the house as is so we need to get that resolved?
How much do co's usually cost? I live in town of islip.
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Posted 6/24/12 11:39 AM  |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: CO question
Unless times have changed, many banks will not approve a mortgage without the CO's in place, so without them you may be limiting yourself to cash-only buyers.
We bought in the Town of Islip, so I can tell you from direct experience the town is very tough with garage conversions.
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| Posted 6/24/12 8:07 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Re: CO question
Posted by Karen
Unless times have changed, many banks will not approve a mortgage without the CO's in place, so without them you may be limiting yourself to cash-only buyers.
We bought in the Town of Islip, so I can tell you from direct experience the town is very tough with garage conversions.[/QUOTE
Thanks. I have to see what my inlaws want to do. Argh such a freaking headache from this house.
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| Posted 6/24/12 9:09 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: CO question
We bought a house in town of islip and a partial basement conversion slipped past without a CO. When we got a permit for a dormer they inspected the entire house. We had to retroactivley pay about $850 for the basement permit (it was based on square footage) and another $1500 for additional work the contractor had to do to bring the basement up to code.
The permit fee for the CO is one thing but they will also make you bring everything up to compliance if it's not already meeting code.
They also tried to get us on a cellar door and the fireplace but we were able to show the cellar door was on the CO and he agreed that the fireplace looked to be old and part of the original house so said he'd look at old town pictures and as long as he didn't see any without the fireplace he'd add it as original.
Bottom line is that they will look at everything when they come to inspect, not just the one area you're trying to add to the CO.
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| Posted 6/24/12 10:22 PM |
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Mtk1605
LIF Toddler
Member since 12/11 460 total posts
Name:
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Re: CO question
Posted by KLSbear
We bought a house in town of islip and a partial basement conversion slipped past without a CO. When we got a permit for a dormer they inspected the entire house. We had to retroactivley pay about $850 for the basement permit (it was based on square footage) and another $1500 for additional work the contractor had to do to bring the basement up to code.
The permit fee for the CO is one thing but they will also make you bring everything up to compliance if it's not already meeting code.
They also tried to get us on a cellar door and the fireplace but we were able to show the cellar door was on the CO and he agreed that the fireplace looked to be old and part of the original house so said he'd look at old town pictures and as long as he didn't see any without the fireplace he'd add it as original.
Bottom line is that they will look at everything when they come to inspect, not just the one area you're trying to add to the CO.
This exactly!
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| Posted 6/24/12 10:35 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Re: CO question
Posted by Mtk1605
Posted by KLSbear
We bought a house in town of islip and a partial basement conversion slipped past without a CO. When we got a permit for a dormer they inspected the entire house. We had to retroactivley pay about $850 for the basement permit (it was based on square footage) and another $1500 for additional work the contractor had to do to bring the basement up to code.
The permit fee for the CO is one thing but they will also make you bring everything up to compliance if it's not already meeting code.
They also tried to get us on a cellar door and the fireplace but we were able to show the cellar door was on the CO and he agreed that the fireplace looked to be old and part of the original house so said he'd look at old town pictures and as long as he didn't see any without the fireplace he'd add it as original.
Bottom line is that they will look at everything when they come to inspect, not just the one area you're trying to add to the CO.
This exactly!
Thank you. My inlaws won't be able to fix everything so I guess cash buyer it'll have to be.
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| Posted 6/25/12 7:57 AM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: CO question
Posted by WannaBeAMom11
Posted by Mtk1605
Posted by KLSbear
We bought a house in town of islip and a partial basement conversion slipped past without a CO. When we got a permit for a dormer they inspected the entire house. We had to retroactivley pay about $850 for the basement permit (it was based on square footage) and another $1500 for additional work the contractor had to do to bring the basement up to code.
The permit fee for the CO is one thing but they will also make you bring everything up to compliance if it's not already meeting code.
They also tried to get us on a cellar door and the fireplace but we were able to show the cellar door was on the CO and he agreed that the fireplace looked to be old and part of the original house so said he'd look at old town pictures and as long as he didn't see any without the fireplace he'd add it as original.
Bottom line is that they will look at everything when they come to inspect, not just the one area you're trying to add to the CO.
This exactly!
Thank you. My inlaws won't be able to fix everything so I guess cash buyer it'll have to be.
For what it's worth, if I was to buy a house without a valid CO I would ask for a significant discount. I would expect that any future costs I would incur to bring it up to code and get the CO would have to come off the selling price so be prepared to accept a lower selling price.
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| Posted 6/25/12 11:50 PM |
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thenewUzi
LIF Zygote
Member since 2/11 32 total posts
Name:
Kim
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Re: CO question
For what it's worth, if I was to buy a house without a valid CO I would ask for a significant discount. I would expect that any future costs I would incur to bring it up to code and get the CO would have to come off the selling price so be prepared to accept a lower selling price.
I do agree with this as well.
we bought our house 5 months and the sellers were waiting for their expediated CO's... we had it in our contract that we can walk if such COs were not available by such a date... and they were to pay our lawyer fees up to that point..
for us we didnt want to take on that extra baggage- could take up a lot of time and lots of money! good luck.
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| Posted 6/26/12 9:32 AM |
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