INTRODUCING MY NEXT BOOK PROJECT
My next book is tentatively titled, No More Nightmares: The DIRT-SMART Buyer’s Collection of Scary Stories and Their Solutions.
These will be stories from the frontlines of buying country property. I want to use your first-hand accounts of unexpected surprises, dishonesty, failure to disclose defects and quagmires of all lengths, breadths and depths.
To do this, I need your help.
Send me a one- or two-page story of what happened when you bought country property. Try to be fair-minded and analytical in telling the story. You can be ironic and funny, even though you really want to pound the table with frustration. The point here is to help others avoid the trap that got you. Wind up your story with lessons learned: what could you have done differently in the scoping and buying of the property that would have kept you out of the mess you’re recounting.
Here’s a first-draft outline of No More Nightmares:
By sellers as FSBOs
By real-estate brokers representing sellers
By lawyers, on either seller or buyer side
By title insurers
By settlement agents
By consultants you’ve hired, such as a home inspector, farm expert, engineer, contractor, excavator and so on
Examples of the Seller/Agent Failing to Disclose a Defect in the Property
Annoyance and nuisance
Appraisals and Appraisers
Breach of contract by seller
Those that your seller has over another party
Those that another party has over the seller’s property
Endangered, threatened or sensitive species/habitat
Pollution, from a source off the property
Pollution, from a source on the property
Exceptions to title
Fees, unreasonable charges
Flawed or erroneous information provided to buyer
Ownership, seller’s lack of complete ownership
Seller’s inflated/inaccurate estimates of volumes and values
Problems with consulting foresters
Problems with selling timber
Theft or disappearance of property included in your purchase contract
I will not quote you by name, and I will change details to avoid identification of the parties involved. Remember to end with advice to other buyers that would have saved you from this awful experience.