Buyers: Don’t be too nice

My wife, Melissa, is one of two lawyers in our county. She does a lot of dirt law–rural real estate. She’s also the part-time Commonwealth Attorney, who has been perfecting her prosecutorial technique on me for years.

She told me this morning that buyers can be too nice. This comes from a woman who introduced herself to me as someone who was “nice as pie” and “friendly as a pup.”

A couple from the city–highly educated folks–bought a place out here some years ago. The seller told them that a pond they liked was on the property. They had a survey, which had no physical features and was not marked on the ground. They didn’t walk the boundaries or have a surveyor map the property on a topographical map.

The pond turned out to be not on their property.

The buyers accepted the word of the seller and the confirming opinion of the real-estate agent. They didn’t want to appear to question the truthfulness or accuracy of either one. They wanted to be nice. They didn’t do their homework. The statute of limitations has run out.

The lesson here is: do the research necessary to confirm what you’ve been told and what you think you know.

Related articles:
  1. Sizing up and pricing down a nice little place in the country
  2. Buyers may need to include a lawyer-review contingency
  3. Property buyers: Putting the “do” in due diligence
  4. Buyers need to know when their price is right
  5. Buying land on impulse puts buyers at risk

Curtis Seltzer

Curtis Seltzer is a land consultant who works with buyers and investors. He is author of How To Be a DIRT-SMART Buyer of Country Property at www.curtis-seltzer.com where his columns are posted. He is also a contributor at www.landthink.com.

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  • Curtis Seltzer: Ms. Watson’s take on the buck stopping with the buyer’s lawyer is spot on. Yrs. C
  • jane watson: Ms. Johnston is right. As an attorney, former residential broker and, now, commercial broker-in-charge,...
  • Jonathan Goode: Curtis, That is a touching story; thank you for sharing it. I am sorry to hear about John Nicholas,...
  • Curtis Seltzer: This happened to me when we bought our farm in 1983. The lawyer I had hired never told me that he was...
  • Jim Kuntz: Again, I look forward to your mini-seminars on country real estate. You are brimming with good, country...
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