LOS ANGELES, April 10, 2013 /PRNewswire/ -- According to AOL's Real Estate Blog, the housing market in California is on the fast track to recovery, with strong fundamentals supporting the current growth curve. Job growth and low housing supply have combined to push home prices up, though nothing near the astronomical levels seen before the crash of 2008. With thousands of new buyers entering the California market, The Permit Report is reminding home buyers and sellers that a complete permit record of all work done to a property is one of the critical elements of any real estate transaction.
A permit report is a collation of all relevant permits on record. These include building permits for renovations, certificates of occupancy, mechanical permits, electrical permits and plumbing permits. A permit report is best used in association with a Natural Hazards Disclosure Report, which describes risk factors such as earthquakes, landslides and wildfires.
Unpermitted structural, plumbing or electrical work can turn into an unexpected and expensive nightmare, especially when it comes time to buy or sell a home. Buyers may have trouble acquiring full financing for a home with an incomplete permit record, while sellers can be held responsible for correcting any problem areas in a home before a potential buyer will commit.
More worrisome than even these financial matters is the fact that unpermitted work may not be up-to-code, representing a safety hazard for occupants. In the event of a fire or natural disaster, an insurance agency will, as a first step, check that a property has the proper permits. The Permit Report works to circumvent all of these potential hassles by searching for and retrieving existing permits from local government agencies.
"Permit research is a tedious, time-consuming responsibility," explained Mike Robinson of The Permit Report. "When considering all of the paperwork and bureaucratic hoops that one must jump through during any real estate transaction, it makes good sense to delegate some of the work to someone else. The Permit Report has a team of expert researchers and couriers to quickly and accurately fill out the complete permit record on a property. If a record exists, we will find it."
The Permit Report maintains an online delivery system for completed permit reports. Customers receive an email informing them that their report is finished and ready to view or print. Delivery times range from 2 to 5 business days, depending upon locality. Rush orders are available within the City of Los Angeles.
About The Permit Report
Founded in 2007, The Permit Report is a service that searches for, secures, digitizes and makes available online existing building permits that are on file in various local government agencies. The information contained in The Permit Report consists of building permits, certificates of occupancy and other types of permits and property information. The Permit Report secures and then digitizes a copy of this public information, compile it and create an electronic report is emailed to the customer and then made available to you 24 x 7 online. The Permit Report is intended to supplement the information provided to you by a home inspector, the seller, real estate agent and your own experience and to help you comply with mandatory real estate disclosure laws.
The Permit Report, LLC
13400 Riverside Drive, Suite 202
Sherman Oaks, CA 91423
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SOURCE The Permit Report