Some Backup Solutions of Sorts. . .
I have said it before and it's likely I will repeat it: A life in real estate can provide a lot of stories. Some to share. Other gathered tales may be deeply hidden in the memory bank. Perhaps, they are being stored for safe keeping. Sometimes things are revealed when found just beneath the surface.
Kathleen Daniels, Probate & Trust Specialist and Patricia Feager, MBA, CRS, GRI,MRP are co-hosting this month's ActiveRain Challenge March to a Solution... I wanted to participate but the ideas didn't seem to flow correctly. Well, not at first. Eventually, I read a post by Buzz Mackintosh. Another entry by Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI followed with his spin on septic systems seemed to seal the deal. And then a more recent post by Ann Hayden 636-399-7544 proved to me there might be something piling up as I continued to explore the topic. Well, so to speak.
They flushed out my mind so my recollections to the best of my memory can be told. Although they may be rarer in our area than in other parts of our state or the country, I recall two private sewage disposal system experiences in real estate:
One particularly memorable situation was when I represented the buyers of a home for sale which was identified in the MLS as well as in the seller disclosure documents as being connected to city sewers. This single-family-property was on two legal lots - two different jurisdictions too. After my clients' offer had been accepted, the inspection and in-depth investigation part of the transaction began. A potential bit of stinkiness made its presence known as it was discovered that the property was still on septic and not connected to any sewer system. You might be able to imagine all sorts of stuff exploding occurring if my clients had closed and moved into the property. After much thought, my clients cancelled the transaction. A snafu and all sorts of $%!+ avoided. Sometimes, it's best to "move on".
Also, many years ago, another smelly situation was "headed off". I was representing a different pair of buyers in this situation too. This is an example where understanding the terms of the sales contract are important. The property had been on the market for a while and had several price reductions while being listed. The longtime original sellers eventually accepted my clients' offer. It closed at substantially below its last list price and with an additional credit towards septic system repair and certification. While, it had potentially messy consequences, the terms of our purchase agreement definitely mattered in the end.
While I had some difficulty digging up this post - reading so many creative and sometimes scary entries helped me a lot. Thank you for that extra push - it made a difference - this membership often does that. Thanks as well to Kathleen and Patricia for hosting this challenge.
The images in this post are from canstockphoto.com.
Kathleen Daniels, Probate & Trust Specialist - thank you for the highlight by Mr Crappy. Dare I say it's like the icing on the cake.