All Forum Posts by: Dan R.

Im in the process of buying a new primary residence. The house is being sold by an elderly couple in strictly as-is condition. It's in pretty rough shape but we plan on going in with a crew on day one and remodeling (this will be our first project home). 

In negotiations they've agreed to certain concessions but have stated that we are solely responsible for obtaining the CO at our own cost. We have no problem with this since we knew we were getting an as-is home, I'm just not sure the best way to approach this. The house is likely to fail the inspection in one way or another. 

The township says the CO must be completed before closing
My realtor (who actively invests in this town) says don't worry about it an apply for the CO once you finish your work before moving in.
My lender says they dont care and will finance with or without the CO.
My lawyer says its up to us - they'll just run an open permit search to make sure there's nothing outstanding. 

I feel like i'm getting alot of mixed info and really dont want to go down the rabbit hole this early in our first project home. 

Should I apply for inspection on behalf of the current owner and if it fails I at-least know what I'm on the hook for? 
I obviously wont be making any repairs in order to pass inspection until I own the property so will this effect my closing in any way?
Id also prefer to not have the inspector there before/after our renovation if unnecessary.

Outside of an open permit search, is there anything else done through the CO process that I could end up being liable for if we hold off on doing it?

Thank you in advance.

My local advertising company is built on the EDDM platform, and while I am a strong believer of it, this program is generally not worth getting your brand out there in terms of wholesaling (unless you have a large budget that you would like to just use up at the end of the month).

I average between 40-50k pieces per month and a conservative response would be around 1%

Heres a quick breakdown:

EDDM:

Printing & shipping 5,000 6.5×9 Postcards…. $410
Shrink wrap into 100pc bundles………………… $40
Postage…………………………………………………. $800
Total…………………………………………………….. $1,250

Targeted:

Printing & Prep 1,000 6×9 Postcards…. $250

Mailing List for 1000 leads: $60
Postage…………………………….. $280 (standard class),$390 (first class)
Total…………………………………. $590 (standard), ($700 first class)

For the same cost, you could send two first class mailings to your targets by using a list. If wholesaler #1 did a 5,000 EDDM saturation mailing once and client #2 did a 1,000 targeted mailing twice, I can virtually guarantee that wholesaler #2 will get a much higher ROI.

These are loose numbers but you get the idea.