This Is Why You Always Read The Prelim

May 1, 2008 | By Kelley Koehler | Filed Under Home Buying 

As part of buying a home, you’ll get a big packet of stuff from the Title company, with a preliminary title report. It’s very important that you read through the stuff the title company sends you, as the title report can uncover some interesting things. Such as….

prelim with well agreement

See those words circled in blue?  “Well agreement.”  Ah, what well?  We have no information about a well on the property.

electric easement

Also this: see that blue arrow pointing to that long rectangle?  That long rectangle is a utility easement, 10 foot wide, where the electric company has the right of way to that strip of land on the parcel, a strip where the owner can’t put a building or a fence or otherwise obstruct the electric company’s access.

Now, I’m no surveyor, but I’m going to give you one guess as to where it appears house is, relative to that easement…

Comments

6 Responses to “This Is Why You Always Read The Prelim”

  1. Athol Kay on May 1st, 2008 6:18 pm

    LMAO. That’s funny. Well spotted Kelley.

  2. RE Agent In CT » Friday Feed Bag on May 1st, 2008 7:03 pm

    [...] Feeling uneasy about easements? Housechick catches a good one in This Is Why You Always Read The Prelim. [...]

  3. Wine Dog on May 2nd, 2008 6:10 am

    “Well Agreement” or “Well, Agreement”. LOL! Where wolf, there wolf!

    They have underground water in Tucson? Great catch.

  4. Ryan Hukill on May 13th, 2008 9:52 pm

    Yowza! That could create a few headaches for said buyer :)

  5. Riddle Me This - Why Should I Hire a Realtor? | okREblog - It's All REALative on May 13th, 2008 10:08 pm

    [...] agent.  I won’t go into right vs wrong agents here, but I do like to share when I find a good example of one of the many small things that the right agent can/will do that can/will save you big bucks [...]

  6. Reading Preliminary Title Reports | The Housechick Blog on August 5th, 2008 3:01 pm

    [...] wrote earlier about why you review the preliminary title report, but let’s just review what a preliminary title report is.  We call it “the [...]

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