Monday, July 8, 2013

You know the saying that good fences make good neighbors?

(301)943-4370


On Friday I took a client to check out a home and he decided to write an offer on it. 
As most people I know do when they have an offer or an accepted contract on a home, my client took a drive by the home on Sunday and called me a little bit surprised, to say the least.

Sometime between when we saw the home and Sunday, the neighbor put up a fence, which runs across the front of the home.  Notice that I didn't say the fence is on the home's property. 
Without a plat or property survey, one does not know for certain where his/her property starts/stops and where the neighbor's property starts/stops.

So the natural thing to do was to take a photograph to capture the fence, the home my client has an offer on and the neighbor's property and send it to the listing agent with the question.  Fortunately, the listing agent told me that they have a plat on file and are going to check it out.

If you own a home and are planning on installing a fence, a fence company is likely going to require you to order a property survey to ensure that the fence doesn't go on the neighbor's property.  Even if the fence company doesn't require this of you, it is in your best self interest to get a property survey before ordering a fence.

When the time comes to purchase your next home, whether or not there is a fence in front of the said home or along either neighbor's home, order a property survey (even if your loan doesn't require it or you are buying the home with cash) and get title insurance.  If it shows that a neighbor's fence is on the property of the home you are buying, you can ask the settlement attorney to send a copy of the survey to the neighbor with a nice letter or you can go to the neighbor's house and nicely ask about it.  Of course, if the property survey shows that a fence that the seller put up goes onto a neighbor's property, that will need to be resolved.

Speaking of purchasing homes, rates are still at historic lows, below 5% as of the day of this blog.  It's time to get off the fence.  Rates are starting to go up as are home prices. 

If you or someone you know is thinking of relocating or has a real estate question, your first move should be calling me for a free and confidential, no hassle home buying/home selling consultation.

I always have time for and greatly appreciate your referrals.

Life is good!

Adam (301)943-4370
adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Long & Foster Real Estate, Inc.
(301)469-4700--ask for Adam




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