From the Forum: Should a Buyer Consider a House With a Tangled Permit History?

Photo by Susan De Vries


    A buyer is looking at a house that was gutted for conversion from a SRO to a two-family residence. There are tenants in place but the permits were never closed out and there is no certificate of occupancy. The house is a good deal but the buyer is worried about the former SRO status and wondering if untangling all the potential issues will rack up more costs than the house is worth.

    Please chime in with your advice.

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