This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Sell Closure Property For Addition In Phoenix
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State:
Multi-State
City:
Phoenix
Control #:
US-00447BG
Format:
Word
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FAQ
Yes, you could attempt to sell as-is but as I noted, above, you'd have to disclose the permit issue to the prospective buyers and you'd likely not get as much for the property as you'd otherwise get if it had all its permits.
How long are you liable after selling a house in Texas? Sellers can be held responsible for hidden defects known to the sellers for up to four years after the sale if they fail to disclose them beforehand.
Selling houses with a damaged foundation is legal as long as you are transparent about the problem to any potential buyers. It's important that you show the home inspection report to anyone who puts in an offer so that they are aware of the scope of the issue.
Yes, you can sell a house with unpermitted work, and you are required to disclose to buyers any known unpermitted work done on your house, even if it was done by previous owners.
While selling a house with unpermitted work is not ideal, it is possible. Most jurisdictions require sellers to disclose known issues with the property to potential buyers, including any unpermitted work. Failure to disclose such information can lead to legal action from the buyer, including lawsuits for nondisclosure.
NO PERMIT REQUIRED FOR: Replacement of any switch, receptacle, fuse, fan, light fixture or similar equipment that does not alter mechanical, electrical or plumbing systems. Ordinary, minor nonstructural repair(s) or remodeling such as painting, papering, siding and similar finish work.
Non-compliance can result in fines, penalties, and legal action. Municipalities can impose significant fines for building without a permit, and individuals face additional fees for retroactive permits. Permits ensure compliance with safety standards.
Open permits fall into this category, and in Ontario, courts have ruled that having an active permit is a valid reason for a buyer to back out. But it doesn't stop there. If you don't disclose these open permits (or any related property defects), you could find yourself facing lawsuits in the future.