If you are thinking about buying a new vacation property in Michigan, you want everything to go smoothly. The last thing you need is to add extra stress to your life when you are trying to find a place where you can go to escape the stress of day-to-day life. Your vacation property needs to be that escape, and that means ensuring that there are no issues with the legal process of making the purchase.
There are many things that you need to know before buying the property, such as exactly where the property lines lie, what the taxes are going to be every year and if there are any issues with the property that you should know about beforehand. Gathering all of this information is the only way to make sure that you buy a property that you’re going to love, and if the seller misleads you in any way, you need to know what legal action you can take to make things right.
Part of the reason why this is so important is because the property can be a huge investment. In Michigan, a lot of the vacation homes and cottages — especially those that are located out on the lakeshore — can be quite expensive. When you’re thinking of buying something that costs $250,000 or even much more than that, you cannot afford to overlook anything.
If you would like to learn about the process of buying a new property or find out more about the legal side of the whole experience, we think that you will find our page on vacation property management to be very informative and beneficial.
Source: Galloway Collens, “Oakland County Residential Real Estate Attorney” Sep. 15, 2014