The Mudcat Café TM
Thread #42660   Message #621597
Posted By: allie kiwi
05-Jan-02 - 03:16 PM
Thread Name: BS: Buying a house; your best tips?
Subject: RE: BS: Buying a house; your best tips?
I don't know where you are from, Peg - just presuming the USA. downhere we have a thing called a 'cross lease' where two properties are on the same land title. not exactly like when you have apartments under one roof, but more where there are two separate dwellings on the land. They have become a headache, because if one family wants to get soething done, they have to get permission frmo the other half owner of the cross lease. It gets so that cross lease properties are difficult to sell as one never knows the difficulties you might get into.

My point is try and buy a house that has resale value. Dont get yourself into a niche market where you need someone within a small group who might want to buy it. Eg houses with a 'granny flat' attached (ie, where widowed grandma lives) are difficult to on-sell, because not that many people these days have or want granny living there, so they don't even bother look at those houses.

Allie
who hopes you know what she is getting at