Please I need help
I am going back and fwd with park owner in my neighborhood in east cost. Finally price came down from 950k to 850k and now final contract for 650k cash. After 1 year negotiations.
23 site rent coming 144k yearly. One park own apartment.
Owner Contingency of close in 30 days.
My contingency is to get phase 1 done and due diligence period of 30 days.
I have sign contract with 65k deposit.
I called building department in town to find out about this property.
What inspector told me out of 23 home only one have CO. All other home don’t have and I have to inspect each and every home. And park have some other issue they all need to be fixed before closing take place.
Is this Park owner responsibility to take CO for each mobile home?
Before he sell this park he has to provide all permit for each mobile home in park and CO for each mobile home?
I am first time buyer.
Is any other thing I should check?