what does "Buyer responsible for any and all municipal resale cert and or inspections" mean?

Asked by Erica1gal, Kutztown, PA Tue Mar 27, 2012

and how much do they usually cost in pa

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Sharon Sapp, Agent, Reading, PA
Tue Mar 27, 2012
Hi, Erica1gal.

"Buyer responsible for any and all municipal resale cert and or inspections" is typically used for a property owned by an estate, trust, bank, foreclosure or when the sellers have no money to do any repairs that might be required by the township or boro. In some municipalities, there is a permit required when a property changes hands and to get that permit, the municipality does an inspection. This phrase means the buyers need to pay for the permit, inspection and whatever repairs are required to get the inspection. Each municipality charges their own rate and not all of them require this.

If you choose to go through a property like this, it's best to call the municipality and see what they require. Many have a check list or list of things they look for. If you can get a list like this and go through the property with the list, you'll have a better idea of what kind of costs. you would be required to spend if you want to buy the property.
1 vote
Gita Bantwal, Agent, Jamison, PA
Sat Mar 31, 2012
Check the web site of the township or municipality where you want to buy and look for the requirements for the certifications. They can add up to thousands. I recently rented a house for a client of mine in Bucks County in Morrisville. They require a heater,chimney and electrical certification. The chimney repairs cost the owner $1400 for it pass inspection.Then the boro officials have their own requirements and did not agree for somethings to be grandfathered. There were codes that were new and the building is 60 years old. The owner had to bring it up to new code. The sidewalk was another major expense. There were 6 blocks marked and it cost $1200.
And they require these repairs to be done by licensed contractors.
0 votes
Fran and Mark…, Agent, Yardley, PA
Tue Mar 27, 2012
Sharon is on point with her advice. the only addition we would make is that if you agree to this condition include and agreement to cancel your offer with a full refund of any deposit money if the repairs required are too high. You can define too high as subjective to you,best case, or state an amount. Just include the cancellation clause.
0 votes
Fran & Mark...great insight in recognizing who is on point. With little bit of less emotions in the comment s may be nice to get customers
Flag Tue Oct 13, 2015
Search Advice
Search
Ask our community a question

Email me when…

Learn more