You're fulfilling a dream that you've had for years - building a new home out in the county. You're in an area that is all new with neighbors far apart and the setting feels ideal. But is it legal?
In Arizona, parcels of land that are subdivided into more 6 lots or more and resold become subdivisions. THE MOST IMPORTANT thing to watch for is a Public Report.
If you are building a new home and have not received a public report, the subdivider of your subdivision of over 6 lots is building an illegal subdivision.
Illegal subdivisons are known as "wildcat subdivisions" in Arizona.
Wildcat subdivisions don't provide the regular protections because the public report is not included and you haven't received enough disclosure about the area.
A public report includes the following disclosures:
- Utilities (100 YEAR WATER SUPPLY)
- Streets, Roads and Drainage
- Local Services and Facilities
- Common, Community and Recreational Factilities, if any
- Assurances for Completion of Improvements
- Property Owners Associations
- Subdivision Characteristics
- Subdivision Use and Restrictions
- Airports
- Title
- Method of Sale or Lease
- Taxes and Assessments (just to name a few)
When an agent is involved in this sale, the agent, builder and developer are liable and should be protecting the buyer/consumer.
If you're building a new home, it's also a good idea to be represented by a realtor.
A realtor will be your advocate and fiduciary, providing answers and following along with the building process. You should consider getting a separate home inspection as they will visit a new home at least 3 times during construction making sure all aspects in the walls are correct.
If you're looking for a realtor in Maricopa County, please reach out to me to answer questions about home certifications and energy efficiency that might also be included in your new home.
Arizona is number one in the US for production built, energy efficient homes. Make sure your home is one of them!
Comments (6)Subscribe to CommentsComment