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Updated about 6 years ago on . Most recent reply

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Spence O.
  • Morris Plains, NJ
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make repairs prior to closing to get C.O.? (as is cash sale)

Spence O.
  • Morris Plains, NJ
Posted

So, Im closing on my first investment property soon which is in good condition. There are three minor holes in walls and foundation paint needs to be touched up in order to obtain a certificate of occupancy.

This is an as is cash sale. Should I make repairs prior to closing and inspection by the city in order to obtain CO even thoigj I dont own the property yet? Or should I have the city come and tell me what to fix which would make the property "fail" inspection then make those repairs to obtain CO.

The property is in trenton nj

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Are you sure that is all that is needed to get the certificate of occupancy?  I can't see touching up foundation paint being a requirement.  The smartest would have been to have the inspector come prior to closing to get a list of items that need to be addressed and have that as a condition of the sale.  This would have allowed you to determine what really needs to be done and how much it will cost.

  • Theresa Harris
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