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As the economy and housingmarket begins to slow, we must avoid the temptation to move away from well-regulated products that are a key part of protecting lenders and homeowners. The last housing crisis proved that strong underwriting standards are critical, especially during market downturns.
Moreover, the absence of a buyer’s agent leaves the buyer to navigate the intricate process of drafting offers, negotiating repairs and other terms, as well as understanding legal intricacies such as mineral or water rights, easements, and even the transfer of livestock on agricultural properties to name just a few.
Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housingmarket. Any existing easements or zoning issues. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Vehicular access.
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. They are not easy to do.
To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housingmarket By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that.
NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft.,
There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. Excerpts: Housing trends are changing by the week, and it’s time to start believing the Fed when they talk about resetting the housingmarket. By Ryan Lundquist.
This is good news for prospective homeowners who have been shut out of the housingmarket, due in part to the high interest rates over the past several years. There could be easements put in place since the original sale, either by contract or adverse prescription (right of way for utilities).
The canal was owned by the state with an unclear easement for building beyond the rear lot line. Two Trends Slowing HousingMarket Normalization. One was on a tidal canal and built around 1943. Over time many homes along the waterfront, including mine, had non-permitted structures built over the water. June 20, 2022.
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