No C/O

[raquel berrios]

Hi

I inspected a one family( New Construction). After the inspection i find out
that there is no C/O for the house yet. The owner is living in the house and
everything seems to be completed. The owner says that he has one more final inspection before he gets the C/O. My questions is can i still do this appraisal without a C/O and put it subject to or put it (as is) and state there is no C/O.

Please Advise. First time with this situation.

Also this is a Ref.

Thank You
Raquel

 

[Proactive]

Condition your report subject to a Certificate of Occupancy being issued by the building authority.

Checkbox 4 perhaps?

 

[Fritz in NY]

That's the ticket. You are not a home inspector or working for the township/county. I'd make it "subject to" a C.O. in the file.

 

[Mike Garrett RAA]

Please show me where a certificate of occupancy is a requirement of the appraisal?

 

[Thomas Fiehler]

Gotta agree with Mike. Been doing this for 32 years and have NEVER seen a CO.

 

[Couch Potato]

Please show me where a certificate of occupancy is a requirement of the appraisal?

Not a requirement, but if the homeowner volunteers the information it should be noted in the report.

 

[Mike Kennedy]

HABU "Legally Permissible". If on a Fannie Form verification of legally permissible use is required. In NEW YORK STATE, AND WESTCHESTER COUNTY, Occupancy sans C.O. typically represents a violation under Municipal Ordinance, poses a health, safety and insurability issue which must be addressed in the appraisal. Verify verbal comments from HO/Occupant with municipality - "subject to C.O.".

 

[Proactive]

Please show me where a certificate of occupancy is a requirement of the appraisal?

This is new construction. Around these parts the home is not considered completed until the CO is issued. Once it has been disclosed that there is still one more final inspection before the CO is issued (as the original poster stated), I'd be more than a little uncomfortable in giving an "as is" valuation.