Last week was one of those weeks you wish to reset and start over. Fortunately, this week we resolved those problems and were able to close on the home before things fell apart. Just a quick run down of this week's list which may help remind you of things that can come up on the sale of your home. I recommend finding a realtor you know and trust to help you navigate the process. Most of this week's issues resolved around 1 home which was pretty unique.
(1) Termites- In 20 years, I've only seen a handful of cases. This week, Termites were actively infiltrating the home.....fortunately no damage had occurred yet but the potential was there. I posted the picture above where the termite tube was found in the garage. Other signs I've seen before were flying bugs around the wood/baseboards. This house also had wood fungus and had to be treated along with adding a moisture barrier under the home. If you don't have a termite bond you may want to consider one.
(2) Septic Inspection- We found 2 tanks this week on the home before closing. The old one had been abandoned but not filled in and had some current plumbing tied to it which had to be relocated to the new tank. The new tank had issues too with broken piping and tree roots growing into the pvc line. Needless to say the new homeowners would have had an issue in the near future had they not pursued a septic inspection.
(3) Title Issue- I had 2 issues on different homes this week related to title. One was an old mortgage which was not released once it was paid off. The other was improper documentation when the land was purchased 14 years ago....yes 14 years ago. Title Insurance is important to ensuring your home has a free and clear title which the seller did not have. We've had some cases lately that have taken 6 months to a year to resolve especially when the people needed to sign have passed away. If you have owned your property for many years or inherited the property, please have it checked and save the headaches prior to selling it. It may cost you a buyer, the ability to get a loan, or disrupt your plans. Worst case, it would be a bad situation to have built a house like this family and find out right before closing that there is an issue needed to be resolved.....This issue is still ongoing but I am hopeful it can be resolved too.
AdvisorFriend.com Article by Brian Camp 205-369-7154 Brian@BrianCamp.com
Brian Camp, MBA, BSME & 20 Years of Experience in Real Estate, Construction,
and Building Services
My team wants to work for you! Ask for Brian.
Broker/Realtor/Land Developer, Lovejoy Realty website: www.LovejoyRealty.com
Owner/Homebuilder: Waterstone Homes, LLC website: www.WaterstoneHomes.net
Brian Camp: Realtor,