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Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Trust the experts!
One of these is lender’s title insurance, which is as essential when refinancing as it is when buying a property. Title insurance protects the property rights of the homeowner and the lender’s investment (the loan) from any title defects discovered or risks that may appear years later.
” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” Also, I have appraised multiple airports and done various easement studies for research.” ” “Background in landscape architecture and real estate sales.”
We’ll dive into how newer builders and investors can navigate the changing market with Greg Naughton, Owner of Magnets REI with 22+ years experience in construction and 10 years experience as an investor and builder. 00:07:14] Here’s what you should be doing as an investor or builder in the current real estate market.
In the first installment of this series, we looked at the advantages of raw land as an investment as well as the ways an investor might go about locating such parcels. Buyers should make sure the most accurate and up-to-date survey is incorporated into the title insurance policy. Subsequently, the process of conveyance must proceed.
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.
Many investors stop at calculating buyer closing costs, renovations, and holding costs. There are two distinct charges here: the charge for the actual research and verification that the sale can proceed and title insurance—a policy that guarantees their work and ensures they handle any potential disputes they didn’t see before.
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