RE: ScaredyCatGuide to Real Estate: Five Things that Devalue Your Home
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Number 2 depends on where you live. In some jurisdictions here, the onus is on the buyer to find out whether there have been any illegal structures or extensions built. By then, if they are not too extensive, most buyers just accept the structure and proceed with the sale.
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I'm buying one now where I know there is an illegal 3rd apartment. However, I am buying it at a 2 unit price ;-)
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