MLS and our realtor negotiated >20% off the contract price due to adverse findingsHow did you finance this deal?

If you are risk adverse real estate, (especially out of state) is not for you.

Without having any specific knowledge as to this particular property, there exist numerous reasons a seller may sell multiple properties together, such as the properties may be mortgaged together or cross collateralized, there may be an accessibility factors to one or both properties that requires access to the other, they may share common parking, they may be on one legal lot, they may share a common building and hence be less attractive trying to legally separate, one property may be unattractive to a buyer by itself or at least more difficult to sell on its own, they may share utilities on one infrastructure (line), the seller may be receiving a discount on broker fees if they sell together, the seller may have adverse tax consequences if only one of the properties sells, the seller may be trying to do a 1031 exchange, there may be multiple owners who won’t be able to reach agreement if only one of the properties sells, and selling only one of the properties may not accomplish the sellers goals; in fact selling only one of the properties may take the seller further from his goals than not selling either.  

If you are risk adverse real estate, (especially out of state) is not for you.

Adversity is what makes us stronger.

If the property to be insured is vacant land, and the owner intends to erect improvements thereon in the immediate future, the owner's policy may be written for the value or purchase price of the land and the improvements to be erected thereon; but, the following note must be inserted at the end of Schedule B of the policy:"Note: It is agreed between the Company and the insured that, in the event of a loss hereunder, the liability of the Company shall be limited to the present value of said land as now improved, but shall automatically increase by the amount expended for improvements placed thereon in good faith, and without actual notice of adverse claim, but in no event shall exceed the amount of this policy, to-wit, $_____ (here insert amount shown in the clause of the policy.)"

you would think, an application fee of only 20.00 wouldn’t cause backlash, but yet, I am consistently facing adversity from potential tenants and clients about it.

Disclosure of Adverse Material Facts; Subsequent Disclosure; Present Condition.

With the duration that the house has been on the land, there may be a claim of adverse posession, where the owner of the land has let the encroachment go on so long that the lot lines can be moved.

If you are risk adverse real estate, (especially out of state) is not for you.