I came across an interesting potential deal today.
Owner is living in aussie and rents out his house in palmy.
Its been on the market for 5 months.
The owner had the house cladded without a permit, which is why its proving difficult to sell. An offer of 215k was turned down.
Offer of 220k was turned down 6 weeks ago, and an offer of 222k and subject to the vendor obtaining a permit was accepted 4 weeks ago.
Vendor got an engineers report which approved the cladding work but the council would not cough up a permit because they did not see the work as it was being done.
I submitted an offer today for 180k conditional to solititors approval.
There is nothing wrong with the house...just on paper.
My question is: What are some suggested solutions to this problem??
Owner is living in aussie and rents out his house in palmy.
Its been on the market for 5 months.
The owner had the house cladded without a permit, which is why its proving difficult to sell. An offer of 215k was turned down.
Offer of 220k was turned down 6 weeks ago, and an offer of 222k and subject to the vendor obtaining a permit was accepted 4 weeks ago.
Vendor got an engineers report which approved the cladding work but the council would not cough up a permit because they did not see the work as it was being done.
I submitted an offer today for 180k conditional to solititors approval.
There is nothing wrong with the house...just on paper.
My question is: What are some suggested solutions to this problem??


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