Why Obtain A Property Report?

For many, it is a life long dream to build their own home. With this in mind have you been thinking about purchasing a lot from a developer? Finding the right lot with a good developer is the first step to fulfilling your dream. What can you do to make sure you have a lot that will be everything you want?

This is the time to ask for a property report from the developer. What information should you expect to find in the property report?

Here are a few things the report should contain:

Any pre-existing mortgages or liens on the property you are wishing to purchase.

When you can expect to receive the title for the property and the type of title it will be.

Problems with the soil, you want to be aware of any that might cause issues with construction.

Distances to the nearest communities and also recreational facilities.

Utility charges you can expect to have in the future, also if any utility charges already exist on the property.

Availability of water and sewer services, this is whether it will be mains or well.

Remember how essential it is to make sure you read everything thoroughly before decide to sign any contract. Keep in mind too that this is a report prepared by the developers themselves. If you decide to sign a contract after you have received a property report, you will have upwards of seven days to cancel the contract if you need to.

The key to success is do your research and prepare well. Always read all of the paper work thoroughly. Please feel free to contact us with any questions.