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This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. H&BU: A Quick Review Legally permissible – Does the use comply with zoning regulations and other legal requirements? This requires a little detective work.
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.
In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.
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.
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. This involves assessing whether the propertys current use is the most economically productive and legally allowable option.
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. Due Diligence: What Is it?
” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Legally permissible. If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Are existing structures considered legal non-conforming use? Physically possible.
It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. The legal description The legal description is everything you won't see in any real estate agent marketing or advertising. Easements. Originally published March 22, 2012
” “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.” ” “I do a lot of legal work for attorneys.”
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. I was first trained as a scientist, starting with my high school biology class. After graduation, I worked in labs for 7 years. I hate the word “industry” when applied to appraisers.
See the last article in this list for more info on Tidewater. There is administrative time involved, as well as legal factors. 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. It was and is controversial. First, the burden on borrowers.
Read this article on how to check CO detectors. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. My comments : Read this article, especially how to identify and check CO detectors. Killed by Carbon Monoxide: Appraiser Blamed. You may save someone’s life!!
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