Working in Northern Michigan Recreational Real Estate, I have seen some interesting property transactions. To help prevent the hidden nightmares from occurring, I recommend that my buyers have the following items completed before closing on a property:
One: Survey, or Subdivision Plat Map. Are corners marked on property? Boundary Lines? Too often, I am hearing stories of Hunting Blinds constructed on the wrong property. One of my Customers from our Sturgeon River Campground www.SriverCamp.com bought a piece that had the neighbors Trailers on the property. Another bought a piece that the Real Estate Listing stated 102Acres, the Survey stated 86.9 acres.
Two: Home inspection should be completed. With seasonal homes if not shut down correctly for winter, hidden damage could occur from broken lines, etc. A thorough inspections (insured) helps identify potential defects so the buyer is aware. Typical inspections will review Mechanical and General Home conditions.
Mechanicals ( 3 below )
Plumbing, Heating, Electrical
General Home ( See below )
roof structure, roof covering, structure, foundation, windows, walls, floors, doors, built in appliances, door bells, water heater
Three: Thorough Title Search, the listing agent or seller may not have disclosed that there are “Deed Restrictions” which may not allow you to build that small cabin that you dreamed off. A title search will identify those. Also, a title search will identify if there are Liens on the Property. i.e. a Builder can place a Mechanic’s Lien on the property for unpaid bill.
Search for Northern Michigan Real Estate
If your looking to buy or sell Northern Michigan Outdoor Property, contact me.
Broker, Northern Michigan Outdoor Properties
15247 Trowbridge Rd, PO Box 134
Wolverine, MI 49799