When purchasing homes in Denver, Colorado Ranch Properties or Farm Land, not all title policies include language specifically excluding rights, neither water nor water rights are insurable by title insurance. Since the ownership in decided through the water courts and title companies don’t have a system to track this information, it is high recommended you contact an attorney who specializes in the field to protect your investment.
As we all know, water is crucial for ranches and farms. One thing you may find surprising, some Denver Homes, Lakewood Homes, Wheat Ridge Homes etc. have ditch rights which are very valuable to the current owners and the future sale of the properties. These ditch rights will allow them to water their lawns and gardens certain times of year and with the growing costs and demand of water, this is huge.
Domestic Wells have become major concern in Colorado in he past years. Many aquifers are drying up and don’t appear to be replenishing themselves even with the record snow falls Colorado has been experiencing for the last few years.
Colorado’s Contract to Buy and Sell Real Estate will help protect your rights and investment providing you have chosen a seasoned professional to help you with the purchase. The contract has section to included any and all water right and the inspection period is a must for checking potability and flows to help insure you are getting what you pay for. Contact a Professional Broker Today
