REAL ESTATE DUE DILIGENCE FACTORS

All real estate transactions have factors that must be considered for due diligence.  These factors are dependent on the property itself and can vary widely.  The following are some due diligence factors to consider and invesitgate during any real estate transaction, whether buying or selling properites:

• RS-2477 - Revised Statue 2477 was passed in 1866 allowing the creation of rights-of-way across public lands.  These rights-of-way were intended to allow access to homesteads and mining claims.  Lands that may have a RS-2477 highway include public or previously pulbic lands, which are now privately owned, with past mining claims or homesteads.  For further information regarding the issues involved in these rights-or-way and how it could effect your property, visit POSRP
• Meth Labs - Clandestine methamphetamine labs are found in rural, city, and suburban residences; barns; garages, and other outbuildings; back rooms of businesses; apartments; hotel and motel rooms; storage facilities; vacant buildings; and vehicles.  Small portable labs could be anywhere.  Environmental and health considerations of clean-up / decontamination can be costly.
• Property Disclosures - Several property disclosures that you may wish to investigate and include in your real estate transaction could include; Radon, Mold, and Lead-Based Paint.  These disclosures are also related to environmental and health considerations that could potentially affect the real estate transaction.
• Property Insurability - To assure that the property can be insured at a cost that is acceptable, your insurance agent can be of assistance through an inquiry quote.  Another method is to request a C.L.U.E. Report as a part of the transaction.