Question Details

J R, Home Buyer in New York, NY

Does anyone know the laws in regards to homes being condemed and/or a danger to society? We are looking at

Asked by J R, New York, NY Wed Feb 18, 2009

two homes in the Old Town Triangle neighborhood and are surprised about how neglected and run down some of the homes are -- should we buy? Will they hold their value?

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1
FYI - most homes that ARE CONDEMED will not pass appraisal sold for lot value only. Is your intent have a loan? if YES then best to look for a home move in condition.

Keep in mind if you purchase for lot value only you are held by standards of city keep that property safe, with lawn yard etc. Grass cant reach a certain height if so city violation with stiff fines

Contact a local realtor regarding value of homes.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Feb 18, 2009
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