Owning a property that has city or code violations can be the cause of great concern for many people and turn the asset into an emotional liability.
What are these violations?
Code violations on a property can be anything from not meeting proper construction standards, installation of an heating and air system or water heater, alterations or additions to the property without proper permitting, ineffective smoke alarms to little things like overgrown lawn, or not cleaning your pool, this is why construction should always be done by professionals like Bragabuilding. Some violations can be easily resolved, while others require significant time and/or money to fix. Challenges in dealing with each municipality can vary, even if the city is willing to work with you to fix the problem or even negotiate the sanction down to a reasonable amount, you will still have to pay for the necessary repairs as well as any associated daily fines and all administrative and legal costs related.
Regardless of the size of the issue, the presence of code violations can be a huge hindrance to selling your home. Whoever purchases your home will be inheriting its violations, meaning it becomes a red flag to a typical potential buyer. In fact, traditional buyers will have massive challenges obtaining a mortgage to purchase a property with any unresolved code violations attached. The title company will also have to address the violations which most likely, has become a lien on the property.
This is not the case with us. We have purchased homes that have existing violations. We are willing and able to shoulder the cost and energy of fixing the violations. You, on the other hand, are able to walk away from the situation entirely with proceeds from an equitable sale. This frees you from having to make additional investment in a property you are ready to leave behind