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user3178747

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Property Survey issue

I was contract on a house last week it was right in our wheelhouse, ie below our max yet still a home we walked in and saw ourselves living in it immediately.  Once attorney review began my lawyer find that the fence on all 3 sides of the house was not all the property i was buying.  It was 16 feet off the back, on which a shed and half a patio laid and it was 8 feet on each side of the house.  This was a deal breaker for me, the lot wasn't too big to begin with 75x150, with not much backyard.  The selling agent tells me it's been like this for 5 years and really isn't an issue.  We have been thinking about the house, but we feel like trying to sell one day down the road will be a big issue.  BTW in the back and on the side the water company owns the land (it's close to a wide but not tall water tower) on the other side the neighbor owns it.I worry about the future potential of selling the home and the property issuesDoes someone have an opinion or seen a situation like this?

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Bidding on homes

Answer

Thank you both for your help.  I'm seeing a broker tomorrow in the area and I'll discuss the same with him.  I have another question is you both don't mind.  I was contract on a house last week it was right in our wheelhouse, ie below our max yet still a home we walked in and saw ourselves living in it immediately.  Once attorney review began my lawyer find that the fence on all 3 sides of the house was not all the property i was buying.  It was 16 feet off the back, on which a shed and half a patio laid and it was 8 feet on each side of the house.  This was a deal breaker for me, the lot wasn't too big to begin with 75x150, with not much backyard.  The selling agent tells me it's been like this for 5 years and really isn't an issue.  We have been thinking about the house, but we feel like trying to sell one day down the road will be a big issue.  BTW in the back and on the side the water company owns the land, on the other side the neighbor owns it.What are your thoughts on the situation?

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Bidding on homes

I have seen a house for sale which the listing price is about 15% higher than we would be comfortable purchasing.   Should I put the bid on the house?  It's been on the market for over 150 days and has dropped about 8% in listing price already.  Any tips or suggestions on the bidding process would be appreciated.Thanks,LRG

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