Point Of Sale Ordinances Affecting Flips/Renovations
Anyone else coming across these? Some cities are now forcing sellers to have a city inspection before listing their homes on the market. Anything not up to code needs to be fixed prior to listing the home - in some cities, even if the homeowner decides not to sell, they still need to make all required repairs! I'm wondering if anyone has had to deal with this firsthand from the buyer/investor end and if there are any loopholes so you can buy a home as-is. I'm happy to fix issues myself if it means a better price, but now sellers want premium if they've had to do extensive work, even if the house is outdated cosmetically.
Thank you,
M