Request a call here!
Request a call here!
If you’re familiar with A Christmas Carol, you know that Ebenezer Scrooge finally found redemption with the help of the Ghosts of Christmas Past, Present, and Future. As a property buyer, or a real estate agent representing the interests of a purchaser, you must be guided by three property ghosts to ensure you are buying what you think you are buying: The Ghosts of Property Past (Title Search), Property Present (Inspection) and Property Future (Infrastructure, Zoning and Developments).
A property is more than a structure or a piece of land. It has had numerous owners stretching back decades or even centuries. Only with a careful review of the property records and a thorough title search can a purchaser know:
While issues in the distant past can affect the value of a property, so can issues in the present. Only with a thorough property inspection performed by a qualified property inspector can a purchaser discover:
The Ghost of Property Future
Just as your property has a long history stretching into distant decades, it also has a long future that will stretch decades into the future. To ensure that you will get out of your property what you are expecting (to start a business, to raise a family, etc.) you must understand what the surrounding area will look like in five, ten and twenty year’s time.
For example, a new highway may enhance the value of nearby commercial properties while reducing the value of nearby residential properties. Only by researching government infrastructure and development plans, which are often located in government planning offices or City Hall, can a purchaser understand:
Any property transaction carries risk. Those risks lurk in the background like ghosts. In that sense, you could call us ghostbusters. Punctual Abstract is a trusted partner when accurate verification of a seller’s right to ownership, claims, defects and other rights on a property are required. To learn more about our services, visit our homepage today.