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.
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Sean Gilliam
Hello Sean Gilliam very valuable detailed report for how to buy a home, what is the source of water.
Sean Gilliam
Longmont, CO
| Great information, thanks for sharing. I hope you have a great day. |
Sean Gilliam
Longmont, CO
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!
Sean Gilliam
Longmont, CO
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.
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
Sean Gilliam
Longmont, CO
Hi Sean, nice article. I liked the video. We have a Domestic Well Addendum but your Colorado version seems the be more comprehensive. Thanks.
Sean Gilliam
Longmont, CO
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