Alright BiggerPockets, I need your help. What is the easiest and most efficient way to go about this?
I currently have a house under contract, and a cash buyer that the contract is being assigned to. In hashing out all of the details, the seller wants the buyer to survey the subject property to have a line redrawn so her metal carport doesn’t have to be moved. It isn’t a big deal on count of the fact that she owns both the subject property and the property with the carport. I’m ok with taking the cost on this, as I made my assignment fee to allow it, but do I pay for it myself before the property is sold, or do I attach an addendum of some kind with the stipulation at hand?
What would the experienced investors out there do? If you have experienced this before, please share.
Thanks in advance everyone!
May not be a big deal to you but may very well be a big deal to a end buyer. Changing boundary lines isn't like changing your oil.
If the property is platted, you may not be able to re-survey due to restrictions on minimum lot sizes, setbacks, etc. That is the first thing you should check into.
If you have a binding contract with the seller that you've assigned, the seller can't unilaterally change the terms with the end buyer and require this of the end buyer. If the end buyer agrees, the contract can be amended to reflect the closing will take place after the issue is resolved.
An easement appurtenant may also solve the issue at a lesser cost and with less hassle.
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