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Unpermitted House Work in Greenwood

Unpermitted House Work in Greenwood

 

Selling a home with unpermitted work in Greenwood or really any area can carry some significant legal risks, and it’s important to understand these before listing your property. One major concern is the potential liability that could arise if you fail to disclose unpermitted work. In most places, homeowners are legally required to share any known issues with the property, including any work that didn’t go through the proper permitting process.

If you sell a home without disclosing these details, it can be seen as fraud or misrepresentation. This could expose you to lawsuits if the buyer discovers the lack of permits after the sale. In these cases, they might demand that you cover the costs of bringing the property up to code, or even seek to reverse the sale. Such situations could leave you responsible for legal fees and may affect the property’s value if it returns to the market.

Additionally, unpermitted work can impact the appraised value of your home. Missing permits can sometimes lead to a lower valuation, which might cause issues with financing. Many lenders are cautious about homes with unpermitted work because of the potential unknown costs. If a buyer can’t secure financing due to these concerns, the sale may not go through, and you could find yourself starting the process over again.

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