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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.

Legal 243
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5 best Arizona real estate schools for 2024

Housing Wire

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Consequently, they are not likely to disclose any negative information about their property that they do not legally have to disclose. So, while it may be true that the property value is diminished in the eyes of the homeowner, it’s probably not in the eyes of most buyers. That’s also why appraisals are not cheap.

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property. Land contracts give the buyer the opportunity to inhabit the property immediately. No legal title. Who legally owns the property for sale?

Contracts 143
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How to Become a Supervisory Appraiser

McKissock

property inspections), or prepare for retirement. In other words, if you have been subject to any disciplinary action within the last 3 years that affects your legal eligibility to engage in appraisal practice, then you are not currently eligible to become a supervisory appraiser.

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Everything You Need to Know About the Texas Seller’s Disclosure

Hood Homes Blog

The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) The Fort Hood Inspection. Their honesty may have saved you an option fee and inspection cost.

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Estate Appraisals in Massachusetts: Everything You Need to Know

Boston Appraisal

Not only are they grieving, but they must also take care of the legal obligations and paperwork necessary to settle the deceased’s estate. And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. What Is an Estate Appraisal?