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And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. While these 8 sustainability trends drive the commercial real estate industry , the importance of a conservation easement cannot be underscored. Here, we explore conservation easements pros and cons.
Welcome to the wonderful world of easements. In our example, if Sandy refuses to let Mark pass through, legal intervention may eventually be necessary to enforce his easement - Mark's right to use someone else's land in order to access his own. ” A person who has an easement does not actually own the land.
Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.
Most buyers prefer more square footage in the backyard vs a street view. If the average residence is sitting on 3 acres, 5,000 square feet is a mere 4% which is not going to be significant to potential buyers. Many buyers will actually pay less for that kind of condition. can be found at: CP Home Appraisals.
This article aims to shed light on this niche within the appraisal world, offering insights into the types of properties, challenges encountered, and the valuation methodologies used to determine accurate values. Appraisers must analyze each component separately and assess how they interact to determine the overall property value.
Among the dozens of records that serve to inform or disclose to the buyer significant knowledge about the property, the title report is one of the most important. It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Easements.
Buyers of a condo are buying the space between the walls (and a fraction of ownership elsewhere). With a PUD, homeowners have an easement and rights to use the common area through their HOA membership. A condominium is a type of ownership of the real estate, not an architectural style. What is a CID?
With a land contract, the seller provides the land buyer with the loan, instead of an institution. The loan is structured for the buyer to pay a down payment and repay the seller in installments. You must perform land buyer’s due diligence. Possible Title Issues (Easements, Foreclosure). Zoning Requirements.
” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” Also, I have appraised multiple airports and done various easement studies for research.” ” “Background in landscape architecture and real estate sales.”
If you find the neighbor's home unappealing, imagine your potential buyer's first impression. Problems regarding fence repair, retaining walls or easements can often bring a neighbor into your home sale process. But all that effort could be for nothing, if just one of your neighbors doesn't care much for appearances.
In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. We all know this is true.
See the last article in this list for more info on Tidewater. To read more in the full 7-page article with many more ideas, plus 2+ years of previous issues, subscribe to the paid Appraisal Today. To read more, Click Here My comments: This is the only economics article I regularly read. It was and is controversial.
I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. Luckily, some of the oldest homes on the market right now are gems—with history around every corner and elegant renovations that give buyers the best of the past and present.
The canal was owned by the state with an unclear easement for building beyond the rear lot line. My articles discuss how they differ from lender work, the pluses and minuses, and how to market your services. A few of my articles: Should you do non-lender work? Links in article. Columbia, Maryland’s Quirky Street Names.
Read this article on how to check CO detectors. My comments : Read this article, especially how to identify and check CO detectors. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. Killed by Carbon Monoxide: Appraiser Blamed.
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