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How to Buy a Home: What is the Source of Water?

By
Real Estate Agent with LoKation Real Estate

In this episode of the How to Buy a Home series I review the Source of Water Addendum. This document is part of the contract and gives basic information on the source of water for the subject property. I cover some of the additional due diligence you may want to pursue to make sure the water source allows for your intended uses.

Questions? Read to get started buying a home? Let's talk! Call or text me at 970-313-6706.

Sean Gilliam

John Pusa
Glendale, CA

Hello Sean Gilliam very valuable detailed report for how to buy a home, what is the source of water.

Jan 04, 2024 04:53 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Jan 05, 2024 03:33 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Interesting how different locations deal with water when buying/selling a house. In NY, there was no specific water form - you either had a well or community/town/city water which was on the MLS listing. In MT, water rights are a big deal. Even if you have a well, you need to file for water rights when building the home and the rights are typically transferred. So we have a totally different water disclosure required here. Very interesting!

Jan 05, 2024 04:54 AM
Sean Gilliam

Yes, water rights are a big deal here in Colorado as well.  Very specific rights and uses of a somewhat scarce resource.  I'm from the midwest where water just is and there is an abundance of it.

Jan 05, 2024 08:46 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Welcome to the Rain. Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Jan 05, 2024 06:30 AM
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Hi Sean, nice article. I liked the video. We have a Domestic Well Addendum but your Colorado version seems the be more comprehensive. Thanks.

Jan 05, 2024 12:25 PM