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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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HELP!!! CO QUESTION
Please need some help
Put an offer in on a house today and the owner is willing to listen seriously to our offer but I was just informed that the entire back (enclosed) sunroom does not have co's.
Does anyone know how much something like this costs and how long it takes to get??
TIA
-Jess
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Posted 4/23/07 11:29 AM  |
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Akajt98
Sooo Excited
Member since 6/06 2252 total posts
Name:
Jill
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Re: HELP!!! CO QUESTION
I am going through something very similar with a deck. You want to have all of the CO's in advance of closing. It could take a while!
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| Posted 4/23/07 11:46 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: HELP!!! CO QUESTION
getting the CO doesn't really cost anything, its the amount the taxes will go up people are worried about!
If you hire an expiditer it should only take a couple of weeks... this is the sellers's responsibility, not yours
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| Posted 4/23/07 11:48 AM |
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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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Re: HELP!!! CO QUESTION
Right now my buyer broker is trying to find out if the seller even had permits to add the enclosed sunroom on the back. If the permits are there then I will take care of the CO's, we are getting a really good price.
The seller is giving us a good price b/c he knows that he wants us to take care of the CO's otherwise he is going to go w/ the offer for much more than ours and take care of it himself. He is in Florida so he would have to come up here to take care of all of it and I am kind of using his situation that he is in as leverage.
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| Posted 4/23/07 12:36 PM |
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FranM
And so it goes....
Member since 9/05 2217 total posts
Name:
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Re: HELP!!! CO QUESTION
Ask your realtor if they know an expidator who has done work in the town you are buying in. The expidator can give you a good picture about the cost and time it will take to get the CO.
You can do all the research and filing on your own if you have the time.
We had an estimate of close to $3000.00 and up to 6 months in Nassau, Town of Hempstad. The long time frame was beacuse we would have needed a variance for our deck. Luckily in the end we did not need the CO.
Message edited 4/23/2007 12:44:34 PM.
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| Posted 4/23/07 12:44 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: HELP!!! CO QUESTION
Posted by jw11897
Right now my buyer broker is trying to find out if the seller even had permits to add the enclosed sunroom on the back. If the permits are there then I will take care of the CO's, we are getting a really good price.
The seller is giving us a good price b/c he knows that he wants us to take care of the CO's otherwise he is going to go w/ the offer for much more than ours and take care of it himself. He is in Florida so he would have to come up here to take care of all of it and I am kind of using his situation that he is in as leverage.
I do not know all the laws, but can you apply for a CO on a house you do not own?
Also, if there is something wrong with the sunroom - anything not done to code, you will have to pay to bring it all up to code.. I would be very wary of this.
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| Posted 4/23/07 12:54 PM |
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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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Re: HELP!!! CO QUESTION
Posted by SweetTooth
Posted by jw11897
Right now my buyer broker is trying to find out if the seller even had permits to add the enclosed sunroom on the back. If the permits are there then I will take care of the CO's, we are getting a really good price.
The seller is giving us a good price b/c he knows that he wants us to take care of the CO's otherwise he is going to go w/ the offer for much more than ours and take care of it himself. He is in Florida so he would have to come up here to take care of all of it and I am kind of using his situation that he is in as leverage.
I do not know all the laws, but can you apply for a CO on a house you do not own?
Also, if there is something wrong with the sunroom - anything not done to code, you will have to pay to bring it all up to code.. I would be very wary of this.
No I would only apply for the CO's if he agrees to our offer.
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| Posted 4/23/07 3:02 PM |
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ckdk
My girls
Member since 5/05 7027 total posts
Name:
Cheryl
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Re: HELP!!! CO QUESTION
Your bank will most likely require the CO's to be in place before closing so it's really the sellers responsbility unless your bank says it's ok.
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| Posted 4/23/07 3:07 PM |
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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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Re: HELP!!! CO QUESTION
Thanks everyone for all the info
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| Posted 4/23/07 3:22 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: HELP!!! CO QUESTION
Posted by ckdk
Your bank will most likely require the CO's to be in place before closing so it's really the sellers responsbility unless your bank says it's ok.
I agree. I would check with your mortgage company ASAP because they have the power to stop the entire deal without a CO if they want.
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| Posted 4/23/07 3:22 PM |
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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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Re: HELP!!! CO QUESTION
Posted by Karen
Posted by ckdk
Your bank will most likely require the CO's to be in place before closing so it's really the sellers responsbility unless your bank says it's ok.
I agree. I would check with your mortgage company ASAP because they have the power to stop the entire deal without a CO if they want.
Nothing is happening yet they still have to accept our offer. Until he accepts our low offer nothing is happening.
Thanks again.
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| Posted 4/23/07 3:28 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: HELP!!! CO QUESTION
Posted by jw11897
Posted by Karen
Posted by ckdk
Your bank will most likely require the CO's to be in place before closing so it's really the sellers responsbility unless your bank says it's ok.
I agree. I would check with your mortgage company ASAP because they have the power to stop the entire deal without a CO if they want.
Nothing is happening yet they still have to accept our offer. Until he accepts our low offer nothing is happening.
Thanks again.
good luck!
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| Posted 4/23/07 3:42 PM |
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