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Complex Appraisals: Navigating Unique Properties and Situations

Appraisal Partners Blog

Instead, the complexity stems from the unique characteristics of the property, the lack of readily available comparable sales data, or the existence of special legal or environmental considerations. This involves assessing whether the propertys current use is the most economically productive and legally allowable option.

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Must-Have Information Required for a Successful Appraisal

Birmingham Appraisal

Tip for Agents: Double-check the property address before submitting it to the appraiser, ensuring it matches all marketing materials and legal documents. Accurate Legal Description Why It Matters: The legal description uniquely identifies the property in question, often including lot boundaries, subdivision details, and specific measurements.

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

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Any existing easements on the property which legally allow another party to use someone else’s property.

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6 Tips When Buying Commercial Land for Sale in Columbus, Ohio

The Robert Weiler Company

Because a property looks great doesn’t mean all legal entanglements have been resolved, or there aren’t unforeseen challenges. Get Pre-Approved for a Loan: If you’re new to commercial real estate investing, financing can be daunting. Learn about easement rights and road access. The same goes for utility access.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

The physical, legal, or economic descriptions of the property are in question. Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. As economics, finance, law, and technology change, The Robert Weiler Company stays on top of the CRE trends.

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Other information on the land is there, too: square footage/acreage, legal address, assessed value and the last sales price, to name a few. Subsequently, the process of conveyance must proceed.

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Explaining the Loan Process Part 4: Underwriting Mortgage

PennyMac

The underwriter will investigate to make sure your application and documentation are truthful, and they will double-check you have described your finances accurately. Collateral: What is the value and type of property being financed?