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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. In this test, youll examine zoning and building codes, variances, deed restrictions, building covenants, and easements to assess a range of legal uses for the subject property.

Legal 244
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How an Easement Can Make for Lousy Neighbors

Zillow

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.

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How Does Lot Size Impact Property Value?

CP Home Appraisals

New Construction Premiums: Most builders will charge a great deal more for larger lots, but in the long run, the resale market might not want to pay that same premium. If that added lot space is not usable due to zoning, easements, vernal pools or other issues, the lot is not going to hold much value.

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The Four Tests of Highest and Best Use

McKissock

If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Is there a maintenance easement, such as with waterfront properties, that could affect existing or proposed structures? (For Some questions to answer: Do you have a current survey of the property? (If Are there any deed restrictions?

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

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.

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Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

“I have a background in construction and have been a business owner in the construction industry.” ” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” I am doing all I can to cover all requests asap.”

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Pros and Cons of Complex Property Appraisal: Insights from a Florida Appraiser

McKissock

Unusual site (size, shape, terrain, setbacks, easements, deed restrictions, etc.). An abandoned, partially finished new construction in a remote wooded area, that four appraisers had backed out on because of the large number of rattlesnakes on the property. One-of-a-kind properties (no comps). Non-conforming or illegal use.