Smoking Two Cigarettes

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Posted on 11th March 2010 by admin in God Bless Texas

“Go in a westerly direction for the amount of time it takes to smoke two cigarettes while riding a medium-gated horse.” Thus was an early Texan land description that we know today as “metes and bounds.” (measurements and boundaries) The idea behind metes and bounds was to use physical landmarks to identify the extent of one’s property—155 feet to a large oak tree, then northwesterly 102 feet to a large boulder and so forth. You can quickly see that if the oak tree blows down you’re in trouble.

Remove not the ancient landmark, which thy fathers have set. Prov. 22:28 Since Biblical times and before we have been concerned with boundaries. Hermes was the Greek “god of boundaries.” The termini or landmarks among the Romans were held very sacred, and were at last deified. One of Moses’ laws said Cursed be he that removeth his neighbour’s landmark. And all the people shall say, Amen.
Deut. 27:17

Property boundaries are still important today. It is the rare property that is sold in Texas today without a survey. Modern surveys, of course, do not rely on the “medium gated horse” but on GPS to identify and mark boundaries. Today’s surveys are, perhaps, as precise as they ever will be. That poses an interesting problem. Because of their precision, we are discovering the imprecision of older surveys.

We recently sold a home and upon obtaining a new survey (the existing one was 20 years old and did not show the more recently built pool), it was determined that the pool encroached upon the utility easement by 3 ½ inches. The satellite driven survey was more precise. This instantly became a problem for the title company, the buyer’s lender and the buyer. Technically, the utility company could rip out that corner of the pool if they ever needed access in that particular spot. Now 3 ½ inches is not much but it would put a hole in the pool. Remember it’s 3 1/2 inches all the way down to the bottom of the pool.

Fortunately, sometimes money cures things and, in this case, the title company, for a little extra money, would insure title. The buyer’s lender decided he wasn’t worried about it and the buyer then said no problem, so the transaction closed.

As a rule of thumb, existing surveys can be used if nothing has been added to the property (new fences, pools, driveways, etc.) during ownership. The current owner would have to sign an affidavit to that effect. If something has changed, the buyer will be required to get a new survey, the cost of which is negotiated in the contract.

Omaha Moves In

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Posted on 3rd February 2010 by admin in God Bless Texas

If you ever wanted to live where everybody else wants to live, you’ve arrived. Texas gained more people than any other state between July 1, 2008, and July 1, 2009,adding about 478,000 people which is the equivalent of adding the city of Omaha, Nebraska to the Texas population (not to mention all the cars!).

Texas also has four of the top ten fastest growing cities in the US: Round Rock (2), McKinney (5), Ft. Worth (9) and Killeen (10). Denton County is one of the 100 fastest growing counties in the US.

How does this translate? It means that there is a continuing demnd for housing whether it is owner-occupied property or rental units. All these newcomers have to live somewhere. Although we might have what could be characterized as a “soft” market, there are buyers in the marketplace, great interest rates, and good prices for well-maintained properties.

Happy New Year from the folks at SunWest, REALTORS.