Remove Construction Remove Contracts Remove Easement Remove Information
article thumbnail

How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

Therefore, it is essential to communicate effectively with the appraiser and provide them with accurate and relevant information that can help them perform their job. You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments.

article thumbnail

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

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

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. For more information on how they are compiled, click here.

article thumbnail

11 Land Buying Tips: How to Buy Land

Raleigh Realty

These contingencies give you an opportunity to investigate the most detailed aspects of the land so you can make an entirely informed decision. Information about the moisture of the soil can be invaluable for determining suitability for building and installing things like a septic tank - which can be expensive in and of themselves.

article thumbnail

How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. Floor Space Index or FSI (Amount of Construction Allowed on the Land). Property Lines. Title Deed.

article thumbnail

Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Excerpts: Extraordinary assumptions can be used only for situations where information is unknown or uncertain. I used Hypothetical Assumptions for new construction, of course. =. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection.