I’m currently under contract for a lakefront home in Maine. the home is owned by a trust. The sellers asked for a 90 day close so their elderly mother can travel to the home to help pack it up. We ok’d it because we’re not in a hurry. During our due diligence period we learned that there was a bunch of unpermitted work outside. The sellers got most of it permitted a few weeks ago but the deck is 3 feet too close to the lake and needs to be addressed. There is an avenue for them to dispute the ruling which will take - surprise, surprise - 3 months.
We were granted an extended due diligence period that lasts a few more weeks. What is a reasonable concession in this situation? The deck will go from 10’ to 7’. We expect the sellers to cover the cost if their appeal isn’t granted and it has to be shortened. The listing did advertise the big deck as a selling feature and didn’t mention the permit issues. We’ve been in communication with the permitting office and have copies of the full permit history for the home now so we feel pretty confident that there aren’t any more unpermitted issues. They’ve inspected the home twice now to get the non- permitted work permitted.
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source https://www.reddit.com/r/RealEstate/comments/1pts7fg/90_day_close_to_address_a_deck_that_is_too_close/
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