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Real Estate Myth or Fact?
Real Estate Myth or Fact, have you ever wondered how a myths gets started?
I have heard some dousy's over the years. Some make me laugh while make me want to scream no! Where did you hear that?
Myths may be hard to break but facts are facts.
I especially like the one where every seller has to respond to every offer they receive. The lack of response in the contractual designated time frame is a response. NO, the offer is void because of no response. It may be courteous to respond, or counter but it is not a legal requirement. Easements automatically drop off if they are not used. NO, again a registered easement, unless having a written expiration date in the easement language stays with the property. Land owner surrounding a land locked property have to allow you to access your property. Wrong again, there is no legal reason in Michigan a land owner must allow you access to your land locked property. Have a helicopter? You must be notified if someone dies in a home? Nope, it falls under stigmatized property and the seller is not required to tell you about a death in the home. You can ... more
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