How to Avoid Permit Delays on Siesta Key
Avoiding Permit Delays on Siesta Key: A Real Risk
Quick Answer
To avoid permit delays on Siesta Key, start by engaging with the Sarasota County Building Department early in the process. Permitting issues often arise due to non-compliance with Florida Statute 553, which governs building codes and standards. A delay here can cost you thousands in holding costs or even jeopardize your financing. If discovered late, these issues can derail your closing timeline and put your deposit at risk. Call me at 941.400.8735 or reach out directly to Michael Renick – I’ll share my approach with you.
What Actually Breaks Deals in Florida
One major problem is the failure to secure timely permits due to non-compliance with Florida Statute 553, which governs building codes. I once had a client whose deal fell apart because the contractor failed to adhere to these codes, leading to a denial of the necessary permits. This not only delayed the project but also resulted in a $10,000 loss in earnest money when the buyer had to walk away.
Another issue is the HOA approval bottleneck, particularly on barrier islands like Siesta Key. In one instance, a buyer was ready to close when the HOA approval process dragged on due to outdated bylaws, causing a two-month delay. This delay forced the buyer to renegotiate the contract terms, leading to an additional $15,000 in costs to extend their rate lock with the lender.
Mike and Eric keeped an eye on my condo at Seaplace while I was away for the summer. I was so relieved to find these two agreed to do it. The nice fact was that their service is free. As Mike explained it, this is all part of their business model;performing services above and beyond for clients. You just don’t find this type of client service anywhere anymore. Always around when we needed them.
– N6194H, Zillow Review
Where It Usually Blows Up
Permit delays often surface during the inspection period, a critical stage where buyers and sellers finalize their due diligence. Discovering a permit issue at this stage is brutal because it can halt the entire transaction, forcing buyers to either renegotiate or walk away. When this happens late, buyers risk losing their deposits and sellers face the prospect of relisting the property, often at a lower price due to the stigma of a failed deal.
What I Tell Clients Before They Risk Money
- Verify Permits Early: Always check with the Sarasota County Building Department to ensure all necessary permits are in place before making an offer.
- Review HOA Bylaws: Obtain and review the HOA bylaws to understand any potential approval delays that could impact your timeline.
- Confirm Code Compliance: Ensure that any renovations or constructions comply with Florida Statute 553 to avoid permit denials.
- Check for Open Permits: Use the county’s online system to verify that there are no open permits that could delay your closing.
- Secure Insurance Early: Bind your insurance policy as soon as possible to avoid last-minute denials that could derail your financing.
Let’s continue this conversation.
Call me at 941.400.8735 or schedule a 15-minute call. I’ll tell you what I would look for.
Call 941.400.8735 or Schedule a Call
Questions Clients Actually Ask
What happens if a permit issue is discovered after closing?
If a permit issue is discovered post-closing, you could face fines, forced renovations, or even legal action. It’s crucial to resolve any permit issues before closing to avoid these costly consequences.
How can HOA delays affect my closing?
HOA delays can extend your closing timeline, leading to increased costs such as rate lock extensions or temporary housing. Always factor in potential HOA approval delays when planning your closing schedule.
What To Do Right Now
Request a permit history report from the Sarasota County Building Department for any property you’re considering. This report will reveal any outstanding permits or compliance issues that could delay your transaction.
After looking at multiple possibilities for a vacation home in Florida I decided on Longboat Key. I had the very fortunate opportunity to work with Mike Renick and his team in finding the right place for myself and my family. Ihad heard positive things about Mike, but the services and supports he and his assistant, Eric, and the other team members offered went above and beyond even my expectations. They were available at all times to answer questions, research properties, and to offer numerous recommendations for all the services needed to make a purchase and to close quickly and efficiently. Whatever was needed, from e-signing forms to videoing the interior of a condo, was provided, so even when you were geographically far away, everything that needed to be done could be accomplished as if you were actually there. Emails, texts, and phone calls were returned quickly and you were always kept in the loop if any issues came up. I would enthusiastically recommend Mike Renick and his team for anyone looking for a real estate team. They are the ultimate professionals who do everything in their power to ensure that your needs are met quickly and effectively. Your satisfaction is their number one priority. I truly made the right choice when I picked them!!
– boscom, Zillow Review
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