Discovering unpermitted additions after signing a real estate contract can create discourage hopeful customers. These modifications might seem minor at first glance. But they can lead to dire financial and legal consequences.
Florida law requires sellers to disclose known defects and unpermitted work to potential buyers during the transaction process. Understanding your rights and options is key when in the market for a new property.
What you should know about unpermitted additions
The discovery of unpermitted work doesn’t automatically void your contract, but it might give you grounds to negotiate or withdraw based on your contract terms.
Common unpermitted additions include:
- Converted garages
- Added rooms or extensions
- Enclosed porches
- Finished basements
- Additional bathrooms
When discovering any of these modifications, several key factors come into play regarding your rights and responsibilities as a buyer:
- Inspection period: Your contract likely includes a specified timeframe to conduct inspections and discover such issues
- Disclosure requirements: Florida sellers must inform buyers about known problems, including unpermitted modifications
- Safety concerns: Unauthorized additions might not meet building codes and could pose safety risks
- Insurance implications: Some insurance companies may refuse coverage for damages related to unpermitted work
- Resale impact: Future buyers might hesitate to purchase a property with unauthorized modifications
With these risks in mind, it’s important to understand your available options to protect your investment.
Your options moving forward
Before making any decisions about your real estate contract, consider exploring several possible solutions. You could:
- Request the seller obtain retroactive permits
- Negotiate a price reduction to cover permitting costs
- Ask for repair credits to address any code violations
- Withdraw from the contract if within your inspection period
- Consult with a real estate attorney about your legal rights
Knowing your contract terms and available options can protect your interests when dealing with unpermitted additions. Seeking the guidance of real estate professionals through this ordeal can help you determine the most appropriate course of action.