BrokerageIndustry News

Avoiding a relocation nightmare

Consider water supply, utilities, insurance before buying
Published on Nov 30, 2007

Are your clients relocating elsewhere? Perhaps they're looking for a second home or a retirement property somewhere away from where they live now. Even when someone buys in their own area, their wonderful new home can turn into a nightmare if they aren't exceptionally careful during the purchase process. When we contracted to build our new home, I wanted underground utilities, city sewer and natural gas rather than electrical appliances. The subdivision where we purchased appeared to meet all those requirements. We received a list of utilities serving our MUD, or Municipal Utility District. Because I didn't see any propane tanks I assumed that the area was on natural gas. When we were ready to move in, however, I was shocked to learn that our subdivision was on propane. Our former neighbors who purchased a new home about three miles from us said their heating bill was more than $800 per month last winter compared to $200 in their previous home. That's because propane is not...

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