BUYER'S RESPONSIBILITIES 

THE FOLLOWING IS A LIST OF SUBJECT AREA THAT YOU MIGHT WANT TO INVESTIGATE PRIOR TO FULL RATIFICATION OF YOUR PURCHASE OFFER: 


1. HOMEOWNERS OR CONDOMINIUM COVENANTS AND RESTRICTIONS. 

2. HOMEOWNERS OR CONDOMINIUM FINANCIAL REPORT. 

3. MINUTES FROM PAST HOMEOWNERS OR CONDOMINIUM ASSOCIATION MEETINGS. 

4. EASEMENT AND RESTRICTIONS PERTAINING TO THE PROPERTY YOU WANT TO PURCHASE. 

5. POTENTIAL FUTURE ROAD CONSTRUCTION (MUNICIPAL AND PRIVATE)

 

6. PENDING OR POSSIBLE FUTURE ZONING CHANGES (LOCAL MASTER PLAN) 

7. AREA CRIME STATISTICS. 

8. AREA SCHOOL STATISTICS. 

9. PROXIMITY TO FIRE STATES, POLICE STATIONS, PRISONS, AIRPORTS, HOSPITALS, LANDFILLS, AND OR OTHER MUNICIPAL AND/OR PRIVATE SERVICE FACILITIES. 

10. FLOOD PLAIN AREAS. 

11. PROPERTY SURVEY. 

12. HOMEOWNER'S WARRANTIES. 

13. PRIVATE MORTGAGE INSURANCE (PMI) 

14. CITY OR COUNTY TAX RECORD INFORMATION AND PROPERTY COMPLIANCE.

 

15. THE FINANCIAL HEALTH OF THE NEW HOMEBUILDERS. 

16. THE FINANCIAL HEALTH OF THE ESCROW AGENT, AND TITLE COMPANY. 

17. WHETHER THERE ARE ANY STIGMAS ATTACHED TO THE PROPERTY THAT MAY AFFECT THE PROPERTY'S VALUE, RATE OF APPRECIATION, OR RESALE ABILITY. 

18. HISTORIC APPRECIATION RATES OF PROPERTIES IN THE AREA. 

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