Discovering open permits or violations on your property can be a significant hurdle, potentially delaying or derailing your real estate transactions. Whether you're preparing to sell, lease, or renovate, understanding and resolving these issues is crucial for a smooth process.

Recently, a client approached me with an urgent dilemma. They were ready to list their property for sale, only to find out that several open permits and violations threatened to delay the deal indefinitely. This scenario is all too common across New York City's five boroughs, where over half a million open permits add complexity to property transactions.

Many property owners, property managers, and tenants are unaware of these issues until they become deal-breakers. Projects that have not followed current building codes and local laws can result in costly delays and legal ramifications, impacting timelines and financial outcomes.

An experienced expediter can help you navigate the complexities of NYC building compliance. From managing open permits to resolving violations, and sometimes even legalizing work performed without a permit, an expediter ensures that your property meets all regulatory requirements. By partnering with an expediter, you can proactively address compliance issues before they impact your next real estate deal.

How Open Permits and Violations Impact Your Property Deal:

For Owners: Open permits or violations can prolong the sale process by 3-6 months or deter potential buyers altogether, affecting property value and refinancing efforts.
For Property Managers: Non-compliance can deter tenants who prioritize safety and legal adherence when choosing properties, impacting occupancy rates and lease agreements.
For Tenants: Leaving open permits or violations unresolved after improvements can lead to legal disputes with property owners, complicating lease terminations and financial settlements.

Take Control of Compliance Today:

Engage a permitting consultant to assess your property's compliance status comprehensively. Whether you're planning a transaction or ensuring ongoing compliance, proactive management of permits and violations is key to safeguarding your investments.

An expediter can offer tailored solutions to address open compliance items efficiently. Contact an expediter today to discuss how they can assist you in navigating NYC's stringent regulatory landscape and ensuring a seamless real estate transaction.