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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. H&BU: A Quick Review Legally permissible – Does the use comply with zoning regulations and other legal requirements? This requires a little detective work.

Legal 243
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Conservation Easements Pros and Cons: Keep Ohio Cool and Green

The Robert Weiler Company

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.

Easement 148
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Expert Witness Testimony: The Indispensable Role of Real Estate Appraisers in Legal Disputes

Boston Appraisal

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.

Legal 148
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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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Complex Appraisals: Navigating Unique Properties and Situations

Appraisal Partners Blog

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.

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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. Due Diligence: What Is it?

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The Four Tests of Highest and Best Use

McKissock

” 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.