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Highest and Best Use: A Superpower You Already Possess

Appraisal Buzz

Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. First, inspect the site. This requires a little detective work.

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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.

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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. Inspections are an expense that is paid by the buyer. Due Diligence: What Is it?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Any existing easements or zoning issues.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Plot/blueprint or property survey.

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Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” I use the iPad to do inspections. Also, I have appraised multiple airports and done various easement studies for research.” “IT/Mass Appraisal.”