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The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power and beauty of a conservation easement in the following quote: “Here is your country.
Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. An incomplete or incorrect legal description can complicate the appraisers research and lead to errors in the valuation. Include notes on sales you believe are not good comparisons and explain why.
In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Scenarios Necessitating Appraisers as Expert Witnesses: Property Disputes : Appraisers are crucial in resolving boundary disagreements, easement issues, or broader disputes over property rights.
Tax appraised value This is the value of real or personal property based on the valuation established by a government tax assessor. Market assessed value This is the price the government tax assessor estimates the property would sell for on the open market as of the effective date for the assessed value for the year in question.
” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” ” Free download: Navigate smoothly through every appraisal assignment with The Valuation Process Road Map. Knowing its limitations makes me a better appraiser.”
This is the statement in the HUD/FHA ML-2024-07: “This included guidance to improve the established process by which FHA program participants may request an ROV if the initial valuation is lower than expected.” Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers.
Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. We relocated to Texas from out of state 3 years ago, and Paige’s intimate knowledge of Houston neighborhoods, valuations, trends, and pitfalls was simply unmatched. Get PDF Now.
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