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DEED RESTRICTIONS - WHAT ARE THEY AND WHY ARE THEY IMPORTANT?
DEED  RESTRICTIONS - WHAT ARE THEY AND WHY ARE THEY IMPORTANT?
 
What are Real Estate Deed Restrictions and how can you find out about them?
 
Real estate deed restrictions are typically written right into a property's deed. Sometimes they are also called Conditions, Covenants and Restrictions (CC&R’s). They could be imposed by the developer, builder, neighborhood or homeowners’ association or the property’s past or present owners.
 
When considering a home for purchase, it may not be immediately apparent if there ARE any deed restrictions. As you get more serious about moving forward and placing an offer, it’s important to check, as deed restrictions can impose serious limitations on what you can do with your home. It’s best to know in advance!
 
How do you find out about the existence of deed restrictions? A good listing agent should research that information in the property deed before putting the home on the market and have it available upon request. A good buyer agent should make you aware of the possibility of deed restrictions and should advise you to ask the right questions when consulting you regarding your home purchase. I would recommend reviewing the deed restrictions yourself or asking your attorney to take a look.
 
WHY ARE ... more

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