• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Certificate of occupancy

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

dmanninc

Junior Member
My "CT" home is on the market. There is not a completed certificate of occupancy on the basement. A permit was taken out. The work was ordered stopped (divorce situation). Can the house be sold? When will this problem arise if an offer comes in?What is the name of your state?
 


seniorjudge

Senior Member
Q: Can the house be sold? When will this problem arise if an offer comes in?

A: You put this problem on the listing agreement, did you not? If not, then do it today.
 

nextwife

Senior Member
Q: Can the house be sold? When will this problem arise if an offer comes in?

A: You put this problem on the listing agreement, did you not? If not, then do it today.
Sure it can be sold. Maybe not occupied, but partially completed properties are sold all the time. Buyer must accept responsibility, in writing with full disclosure, that they are aware basement is not completed and that they agree to finish the project and then obtain an occupancy permit so they can occupy. I've seen many partially completed properties and projects conveyed. They may have problems getting a mortgage broker loan, you might call some local brick and mortar lenders to see if they can finance a buyer in such a scenario.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top