Tag Archives: survey

MARKET INTELLIGENCE – SURVEY

Oh dear.  People DO get excited about buying land to build on, or an existing house to renovate or move straight into.  They engage a law firm or conveyancer to assist them with the settlement process.  Searches are done to make sure its not flood prone, going to have a free-way or railway line built next door, is set for full or partial resumption or major power-lines nearby now or in the future.

When I was actively selling I’d always advise buyers to obtain a boundary survey even if the property was brand new. Not one of the hundreds of buyers I’ve advised over the years has ever spent the $700.00 – $1,200.00 to obtain a brand new, sparkling boundary survey. Continue reading

Advertisements
Tagged , , , , , , ,

ACE #3

Welcome to ACE #3, an ongoing ramble of my experiences.

Easements.  Most people don’t understand them and ignore them at their peril. Again ASK your legal representative to explain what easements burden the land or property you’re considering or, in some cases, ADD an area to your land that you don’t own but are free to use.

I’ve inspected a house where the owner, oblivious to the presence of an easement burdening the land, had constructed an enormous and very thick, steel reinforced concrete slab topped with a substantial 25m2 metal shed. Trouble was that the shed was right on top of a 3 metre easement that ran along the entire back fence of the property. He was very lucky that the authorities hadn’t required access to the storm water drain that ran beneath the easement as they would’ve pulled down the shed, ripped up the concrete and sent the owner a bill for their trouble.

Continue reading

Tagged , , , , , , , , , , , , , , , , , , ,
Advertisements
%d bloggers like this: