Any risk in buying a house with finished basement without permit -Please advise
On 17 Nov 2003 11:26:50 -0800, someone wrote:
... He also advised me to ask the seller to put a $10k in
an escrow account which cover up the costs if anything happens in the
next 3 or 5 years. If nothing happens at the end of 3 or 5 years,
seller will get the money back.
Shows you what happens when you take real estate advice from an
inspector.
Chances slim to none that any seller would agree to skip $10,000 for 3
to 5 years, based on the buyer not coming up with "ANYTHING" in that
time. What a crock of bull, you showed yourself to be a fool if you
tried to impose this under those circumstances.
(BTW, what did your bank think of the $10k escrow? Or didn't you ask
them yet.)
-v.
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