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           Cliff Otis,..... your friend in Real Estate.

How to avoid problems

Here is a ‘Check list’ of some of the items to discuss with a third party regarding property, to avoid,... entanglements, disputes & large problems. This is not a complete list,  but contains many major areas of potential hardship if unknown or not disclosed.  

Yes,... I will help you find the answers for you.

1.)  Building codes & Zoning compliances.

2.) Hazardous waste & toxic substances.

3.) Surveying & staking.

4.) Home warranty or protection Plan.

5.) Property treatments.

6.) Flood hazard; and/or earthquake hazard zones.

7.) Insurability of buildings, & casualty ins.

8.) Existing or threatened legal issues.

9.) Title clouds / issues, limited liabilities, debts, deposits.

10.) HOA fee’s (does & don’ts); rights-of-ways; restrictions, guarantees, conveys, considerations.

11.) Past & deferred maintenance.

12.) Levy’s, assessments, concessions, & restrictions.

13.) Physical description & condition.

14.)  Inspections, evaluations, performance.
 
15.) Square footage & acreage.

16.) Age of properties & improvements.

17.) Leach fields, septic systems, sewer systems.

18.) Water rights, utility systems, & availability.

19.) Soil & geologic conditions, stabilities.

20.) Federal, State, local governments.

21.) Fair housing.

22.) Lead based paint, asbestos, radon, etc.

23.) Mold history, water leaks, and dampness.

24.) Potentially hazardous conditions or storage history, epa issues.
 
25.) Termites, pests, family pets.

26.) Animal Rights.

27.) Cracks in foundation, stability of materials, stucco, concrete, insulation, etc.

28.)  Status of roof, basement, garage, etc.

29.) Benefits & Consequences as to Taxes. (roll-back; %, etc).

30.) Times periods, possessions.

31.) Included & excluded appliances & systems.

32.) Electrical, heating / cooling & other systems.

33.) Remodels, additions, up to code?

34.)  Structural materials life and usage expectancies.

35.) Unique features.

36.) Non-conforming use, grandfathering, variances, encroachments.

37.) Wells, permits, wetlands, water quality.

38.) Sprinkler system winterized, unique features of subject and adjoining properties.

39.) Clearances, set-backs, crawl spaces, codes

40.) Drainage, boundaries, mineral rights, fence lines.

41.) Landscaping, diseased vs healthy.
 
42.) Adjoining properties problems.

43.)  Occupants: current / prior.

44.) Transferable of liens, warranties, CC&R’s.

45.)  Extra ordinary events related to property.

46.) Earnest monies, deposits, debts.

47.)  Property reports, legal descriptions

48.) Loan Denials, defaults, possession.

50.) Loan Type, terms, assumptions, seller entailments.

51.)  Settlement / closing costs, recording.

52.) Utilities, escrow, agency, addendums.

53.) Objections, Concessions, Communications, deadlines.

54.) Condition property to be left in, assessments, reconveyances, huds.

55.) Tenant / Seller moving related damage.

56.)  Intended use, working order, leaks & cracks.

57.)  walk-throughs, authority of signers, arbitration, mediation, abrogation.

58.) Appraisals, engineering issues, Deeds, heirs, foreclosures, beneficiaries, all-inclusive, trustee, trustor 

60.) 3rd party, eminent domain, performance, attorney fees,  etc.

Contact me @ (801-372-2100) cell anytime.  or, ClifftOtis@gmail.com

 

 

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