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I am about a week away from closing on this REO home. A couple days ago while I was showing a tree I wished to have removed, the neighbor next door approached me and wished to know if I am the new owner, I said I hope to be in about a week, she then informed me that they had to put up a new fence (which is on the boundary) and believes I should go in on half the cost of the fence. The new fence they put up is between my property and theirs. The cost is about $5000 for my share.I don't have a problem going in on a fence with my neighbors, but I'm just so caught off guard at the moment I'm not sure what to do. I still need to fix up the house I'm buying!How do I handle this? I'm a first time home-buyer and a bit non-plussed.
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I am concerned that this could happen to me one day as I share a fence with neighbors on both sides of me. I have a low paying job and barely can handle owning my home, let alone having to pay for any home repairs. I most likely won't have the money to help pay for repairing the fence when that time comes so I'm working on staying on good terms with both of my neighbors now, build a neighbor relationship with them, so in the future we can work something out regarding the fence needing repaired. I realize you were just moving in at the time and didn't know your neighbors yet, but that seems like a lot of money for a fence. And that seemed a bit rude of your neighbor to "swoop down on you to inform you that you need to pay for half the fence." Some welcome wagon that was. She should have approached you by introducing herself, and once found out you would be the new owner ask if you could meet with her to discuss replacing the fence after you'd gotten settled into your new home. Unless the fence was about to fall down in the next few days, there was no need for her to hurry over and declare her plan for the fence being replaced. I hope this all worked out well for you and your neighbor.
You need to get your attorney who is handling your closing to advise you. This should be addressed before you close.
Hamp is funny. He puts into words how a part of me feels about this.No, I have no Attorney, I have the Title Co. though. I think I would rather give the money to the neighbors than hire an attorney.Yes, the fence was put in recently. I don't own the property yet...As soon as I get off of work today, I will contact the Title Co. about getting a survey done.This whole thing has made me cautious because I am quite aware that the neighbor on the other side has a fence that doesn't look like it'll make it through the winter! Both of these neighbors have swimming pools, so I can see how time might be of the essence to them.I suppose this has shook me up a bit.
I Thank you all for your kind answers. I will take the advise of several folks here and try to work out some type of payment plan with the neighbors.I saved up for this house all by my-self on a freak'n receptionist salary! I don't want to get flustered now.I wanna keep the peace with the neighbors, so I guess I knew the answer all along...I got to do some venting though!
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