Princeton Town Topics – Let’s Talk Real Estate – December 18, 2024
UNDERSTANDING TOWNSHIP VIOLATIONS WHEN BUYING A HOME
When purchasing a home, it’s crucial to investigate any township violations associated with the property. Township violations refer to instances where a property fails to comply with local codes, ordinances, or regulations set by the township or municipality. These violations can range from unpermitted construction and zoning infractions to overdue inspections or neglected property maintenance.
Buying a home with unresolved violations can result in unexpected costs and headaches. For instance, you might need to pay for permits, fines, or bring the property up to code before making desired renovations. Moreover, unresolved issues could delay the closing process or affect financing, as lenders often require clear titles.
To protect yourself, request a municipal inspection or a violation search before purchasing. Consulting a real estate attorney or agent familiar with the area can also help ensure you’re fully informed and prepared to address potential issues.
