Quote:
Originally Posted by shermanator
You'd be surprised at how many listings mention an illegal basement suite. As someone who was recently searching for a 4 bedroom home in the inner city for under $600K (which I thought couldn't be found, but what do I know), probably 2/3 of the listings had a mention of an illegal basement suite.
I think it's ridiculous, but it's pretty common.
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Realtors have to disclose the legality of any basement development. No permits for a recent development or an illegal suite is a patent defect so it must be disclosed by those pesky real estate monkeys.