Buying or selling a home is already a complex process, but one hidden issue can bring everything to a screeching halt: an open permit. Many homeowners don’t even realize they have one until it’s too late, leading to costly delays, extra paperwork, and even canceled deals.
If you're in real estate—whether as a buyer, seller, or agent—understanding how open permits work and how to resolve them is key to ensuring a smooth closing. What Is an Open Permit? An open permit means that a renovation, repair, or construction project was started but never officially closed with the city or local building department. This could happen for several reasons: ✅ The contractor never scheduled a final inspection ✅ The city has backlogs or processing delays When a permit remains open, it signals that the work may not be up to code or unfinished, making it a risk for lenders and buyers. Why an Open Permit Can Delay Your Closing If a title search reveals an open permit, the closing process may be put on hold until the issue is resolved. Here’s why: 🚧 Lenders Won’t Approve the Mortgage – Banks don’t want to finance a home with unresolved work that could pose safety risks or lead to legal problems. 🚧 Buyers May Walk Away – Buyers don’t want to inherit someone else’s unfinished project or be responsible for unexpected repairs. 🚧Closing Costs Could Increase – The longer closing takes, the more expensive it becomes, especially if contract extensions or re-negotiations are needed.
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Summer Selling Season: How to Prepare Your Home for the Market
As we dive one week into the official summer, the real estate market heats up just as much as our sandy beaches. Whether you're a real estate agent guiding sellers or a homeowner ready to list, understanding how to navigate the summer selling season can make all the difference. Here are a few tips on how to prepare your home for this always-competitive market. Set the Stage for Sunshine and Sales Light and Airy Interiors Open up spaces by decluttering and incorporating light-colored decor to reflect the summer sun. Natural light should be your best friend – make sure windows are clean and unobstructed to let in as much sunlight as possible. Outdoor Living Spaces Highlight outdoor living areas by staging them as functional spaces. A well-set patio or a cozy fire pit can evoke visions of summer evenings spent outdoors. Consider adding some tropical plants or brightly colored accessories. Marketing with a Splash of Summer Your marketing materials should scream summer. Use high-quality photos that capture the beauty of your home in the summer light. Think sunrise or sunset shots that showcase the property in a golden glow. Leverage social media with posts that feature your home as the ideal summer sanctuary. Use hashtags like #SummerHome or #BeachHouseVibes to increase visibility. Cool Tips for a Hot Market |
OverviewDive into our blog where we navigate the thrilling waves of real estate, from uncovering hidden seller fraud to the life-saving essentials of title insurance. With a blend of expert advice and thrilling tales, we're here to ensure a smooth journey. Stay informed, entertained, and safe in the real estate surf with us. Categories
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