To ensure you have a smooth transaction, you need to check the permits.
Buying or selling a home is a significant undertaking, and one crucial aspect that often goes overlooked is the importance of obtaining proper permits. Today, we'll delve into a recent settlement experience that highlights the significance of ensuring a property is appropriately permitted.
We recently concluded a settlement, representing buyers in the purchase of a single-family home in a Northern Virginia county, during the due diligence period back in October. Part of our thorough checklist during this period involved confirming that the county had all the necessary permits in place to protect our buyers.
To our surprise, we discovered a complaint against the property that triggered an investigation by the county. However, thanks to a well-crafted contract with a protective title clause, we ensured that our buyers were not obligated to proceed with the purchase in case of ongoing investigations or potential permit-related issues within the jurisdiction. Leveraging this clause worked out in the best interest of the buyers.
When purchasing a home, it's crucial to visit the county website and verify that the property has the correct permits. Any active investigations or unresolved permit issues should be addressed before the closing to avoid complications down the line. This commitment to due diligence is an integral part of our values and contract practices.
"Whether you're buying or selling a home, prioritizing permits is essential."
The importance of permits isn't exclusive to buyers; sellers should also be proactive in ensuring their property complies with local regulations. If you've made modifications to your home, such as adding a bathroom without obtaining the necessary permits, addressing these issues before listing the property is vital. Failure to do so could result in significant delays and potential complications during the selling process.
We conduct thorough investigations to uncover any unpermitted additions or ongoing permit issues. Taking care of these matters before listing your property ensures a smoother settlement process and avoids unforeseen problems.
Confirming the property's compliance with local regulations not only protects buyers but also ensures a seamless selling experience. If you have any questions about permits or want to discuss the intricacies of various jurisdictions, feel free to call or email us. Your peace of mind during real estate transactions is our top priority.
