When A New Neighbour Turns Into A Bad Neighbour
I drove past a home in Nanaimo that had sold and had undergone substantial renovations. It looked very impressive from the front of the home, until I noticed a large red line down one side of the driveway and a survey post in front of it. I thought that it was quite odd, given that the property was over a half an acre and the line was directly down the driveway. I asked a neighbour who advised that the driveway was actually on the neighbour’s property and this was now causing some problems between the neighbours. It seemed as though the new neighbour was quicking becoming a bad neighbour!
When buyers are negotiating to purchase a home, a realtor will encourage buyers to complete certain tests, inspections and surveys. In this case, a site survey clearly showed that the driveway was not part of the property which sold, and this could have been avoided before completion of the sale. It is critical to have an agent who works diligently on your behalf. When you look at a title search, there may be items on title that should always be requested and reviewed. The Property Disclosure Statement that is filled out and signed by the seller should be carefully reviewed as often the buyers will need to sign and date the document as it will likely form part of the contract of purchase and sale.
There are other things that can go wrong when you buy a home or property? Did you know that there have been sales of homes in both central and north Nanaimo that are still on septic and not city sewer? I have spoken with buyers whose realtor had simply assumed that the home was on sewer and then were surprised (and not in a good way either) when they learned that it was on septic – almost always after they had completed the purchase.
Could you imagine the surprise of finding hundreds of bats in the attic of your new home? Well, for one home owner, that was almost the case. Thankfully, the buyer did heed the age advice of their realtor and had a building inspection done on the home that they were buying, and the building inspector was the one who was surprised when he climbed up his ladder and opened the hatch to the attic…only to be swarmed by blood-thirsty, rabies-infected killers! Ok…maybe I am just hypothesizing about the medical conditions of these vermin with wings but I must admit that an attic full of bats would cause me more than a little a little anxiety!
Another issue that can arise can take place when buying an estate sale. It may be subject to probate and I have seen this take so long that a buyer will tire of the never-ending date extensions and then try to cancel the deal as Summer turns to Fall and then Winter before some probates are resolved.
A reputable agent will do some due diligence to find out at what stage probate is at, who is handling it and more details on the people involved. Making an informed decision is the best decision a buyer can make – as the alternative can be a costly nightmare.
Buying a home is often the biggest investment you will make in your life. It is worth spending the few hundred dollars to ensure that you know exactly what you are buying, where you are buying and the actual condition of the home.
Our McCullough Team is dedicated to helping our client move…in the right direction! Let our team with over 50+ years of combined experience share our expertise with you so that whether you are selling or buying, you get a top negotiator working on your behalf who is dedicated to ensuring that those details are looked after each time. Give us a call today at 250-751-1223.
Brian & Myles McCullough
BUYING? If you are interested in buying or investing in real estate, view some of our featured listings on our website at www.mmshomes.com. Feel free to call McCullough Marketing anytime at 250-751-1223. We look forward to hearing from you.
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