20080417

Learning About Buying Land

It's been awhile since I last posted anything, mostly just due to my busy schedule and general low-priority of "blogging". I'm sure you can relate...

Now that I'm back here, I had a bit of a chuckle about my posts regarding "my" new land on Maker's Way. To bring you up to speed; I was all set to close on this property. I had set contingencies - septic perc, site evaluation for well water, access to power, verified line of sight to satellite for internet - which were all met.

The property was situated with a clear line of sight to the Southern sky for internet access, Northern Lights had power less than 30 feet from the property edge, the soil drained at a proper rate for septic approval, satellite and local imaging verified that the property had a good access to water at about 175 feet of drilling depth.

So, what's the punchline, you ask?

In mid-2007 there were a handful of lawsuits regarding deeded-access insured by local title companies on simmilar parcels in Bonner County. These lawsuits put the title companies in a position where they were trying hard to limit their future liability. In the past, the title company I was working with had insured access to other parcels on the same private roadway (Maker's Way), but in the new paradigm they would not insure access as a part of my title insurance.

As the last guy on a private road, this put me in a position of potentially being blocked from accessing the land by any one of the owners whose property I would traverse between me and the county road. Awkward. I asked the seller to record deeded access or right-of-way with the neighboring owners and offered to extend the closing for as many months as this process might take. They declined. Either I could buy right now with no guarantee of access, or the deal was off.

As such, I decided to walk and see what else God might have in mind.

I thought about taking down my posts about the Maker's Way parcel. But instead, I think I'll leave them up as a part of the larger saga that will unfold as I keep looking and ultimately begin building.