Another Reason to Use a Buyers Agent!

By
Real Estate Agent with Prudential Benrud Realty

I have clients who are in the planning stages for building their new house.  I have helped them meet builders and look at various residential lots and wrote up an offer for them on a vacant lot.  On our offer, we made sure to include that we wanted the property lines verified by the survey company.  And it's a good thing we did!!

The buyers were at the lot today to observe where the builder had staked out for the house and driveway and the neighbor who has a house on the lot next door came out to tell them that the property line flags "could not possibly be right".  Our lot line markers show that they have about 6 trees planted too far over and are on what is my buyers vacant lot.

Of course, these neighbors did not purchase their lot using a realtor or purchase it directly from the developer (who is a realtor).  They purchased it privately from a seller who verbally told them "The Lot Lines are Right About Here"!  So they went ahead and had the lawn and trees put in according to what they thought was their property.  Needless to say, my buyers will have the survey on their side and are the rightful owners of this approximately 3ft strip of land.  The next door neighbors will unfortuntely have to be told that their lines were misrepresented.  What a shame and it could have been avoided!

My point is that even the smallest transaction can benefit from the knowledge and advice of a licensed realtor.   Please buyers!!  Protect yourself now and in the future by having an experienced realtor work with you on your next land purchase.

Comments (5)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Thanks for sharing definately a service they would not have had on their own.

Nov 07, 2008 05:09 AM
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Being a builder and a broker, I can tell you there a lot of things to check out, specifically about the builder as well as the development if you are having the home built. 

Most people seem to think that they just sign the papers the builder gives them.  Sure, they can do that, but they may not know what they're really buying.  Is the HOA in good financial standing.  Are there any outstanding or pending lawsuits against the HOA, development or builder? 

If against the HOA, what are the home owners liabilities in the event of a loss?  The waters run deep when you buy from a production builder in a development with an HOA.

And that's just one element to be concerned with.

My 2c worth.

Nov 07, 2008 05:51 AM
Kathy Fey
Fey & Associates - Dacula, GA

It is one of those head scratching issues for me.  If the buyer doesn't pay the comm, then why wouldn't they always want to use an agent.  Even in new new construction there is such a misconception that if you don't use an agent you get a better price - not true!

Nov 07, 2008 06:56 AM
Cecily Parks
iMove Group, Knipe Realty NW, Inc. - Salem, OR

Property lines have caused so many lawsuits. It's always better to check and double check them even if it seems obvious where they are. One of those better safe than sorry situations.

Nov 07, 2008 11:06 AM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Tina Bann

Make no mistake about it. There is nothing better than a great buyers agent

Feb 12, 2015 08:50 AM