05-30-2014, 10:09 AM
quote:Thanks, kalakoa. I like the idea of the blanket disclosure about private road maintenance where there is no mandatory channel for maintenance.
Originally posted by kalakoa
Unmaintained infrastructure disclosure would follow the plat. Prospective buyer required to sign indicating they "read and understand" the disclosure.
Basically, same way CC&R or "mandatory road fees" are a required disclosure, but in reverse. Maybe a blanket disclosure for any lot on a "privately owned" road that has no mandatory fees.
The lack of pavement is readily apparent to anyone who bothers to perform due diligence -- however, the implications are less clear, and easily missed.
Very true about the implications being easily missed. Although I think it is part of due diligence to pursue any questions raised by what one sees that does not appear ideal (to the person who is buying).
As in, say someone loves the property but hates the road and doesn't want to live with that long term -- part of due diligence would be to find out the history of maintenance, asking the agent for help. I remember my agent pointing me to subdivision organizations as a place to look for a better understanding of life in that subdivision.
It is important to get a buyer's agent who is willing to point out the potential downside of a property, a candid agent who isn't completely focused on that commission.
All in all though, nothing can force people to be smart or to comprehend what they don't want to look at, especially people who are pursuing a fantasy or dream. I don't think it helps that so many people offering advice tell would be buyers to just think positively and it will become what they want it to be.
No, it won't. It is already what a bunch of other people are used to, and have built, or left unbuilt, and you the buyer have some control over what you do within the parcel lines, but the rest -- is community, which may resist change.