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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.
Accurate Survey Why It Matters: A current and accurate survey highlights property boundaries, easements, and encroachmentsall of which can affect a propertys value. For example, a shared driveway easement or an encroachment by a neighboring structure can impact marketability and appraised value.
Scenarios Necessitating Appraisers as Expert Witnesses: Property Disputes : Appraisers are crucial in resolving boundary disagreements, easement issues, or broader disputes over property rights. Their assessments can delineate how such disputes affect property valuation, informing legal arguments and potential resolutions.
Reviewing / appealing propertytax assessment. Property division in separation / divorce. To determine capital gains on second or rental properties. Tax implications for final probate. Any existing easements or zoning issues. Renovation loan assessments. Mortgage financing and refinancing. Vehicular access.
Among the dozens of records that serve to inform or disclose to the buyer significant knowledge about the property, the title report is one of the most important. It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Easements. Absolutely.
” “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.”
Possible Title Issues (Easements, Foreclosure). Current PropertyTaxes. Historic PropertyTax Bills. Floor Space Index or FSI (Amount of Construction Allowed on the Land). Zoning Requirements. Title Deed. Original Land Deed (If Applicable). Encumbrance Certificate. Approval Document from Local Authority.
A title company will provide a title commitment, which is a promise to issue title insurance for the property. Some key points to consider include: Texas is a community property state, which can affect how you sell your home if you’re married. There are strict guidelines for propertytax prorations at closing.
A title search can also provide the following information: Deed Restrictions that limit the reasons for which the property can be used, what types of construction the city allows on a property, the number of vehicles allowed at the home, etc.
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