article thumbnail

The Four Tests of Highest and Best Use

McKissock

If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Is there a maintenance easement, such as with waterfront properties, that could affect existing or proposed structures? (For Some questions to answer: Do you have a current survey of the property? (If Are there any deed restrictions?

article thumbnail

How Does Lot Size Impact Property Value?

CP Home Appraisals

New Construction Premiums: Most builders will charge a great deal more for larger lots, but in the long run, the resale market might not want to pay that same premium. If that added lot space is not usable due to zoning, easements, vernal pools or other issues, the lot is not going to hold much value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.

article thumbnail

How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Floor Space Index or FSI (Amount of Construction Allowed on the Land). Possible Title Issues (Easements, Foreclosure). Test Soil Before, During, and After Construction (via a Soil Engineer). Related Article: Find out why you should buy land for sale in Ohio in 2022. Property Lines. Zoning Requirements. Title Deed.

article thumbnail

How an Easement Can Make for Lousy Neighbors

Zillow

Welcome to the wonderful world of easements. In our example, if Sandy refuses to let Mark pass through, legal intervention may eventually be necessary to enforce his easement - Mark's right to use someone else's land in order to access his own. ” A person who has an easement does not actually own the land.

article thumbnail

Pros and Cons of Complex Property Appraisal: Insights from a Florida Appraiser

McKissock

Unusual site (size, shape, terrain, setbacks, easements, deed restrictions, etc.). An abandoned, partially finished new construction in a remote wooded area, that four appraisers had backed out on because of the large number of rattlesnakes on the property. One-of-a-kind properties (no comps). Non-conforming or illegal use.

article thumbnail

Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Read this article on how to check CO detectors. My comments : Read this article, especially how to identify and check CO detectors. I used Hypothetical Assumptions for new construction, of course. =. If this article helped you understand the issues in appraising vacant land, it is worth the subscription price!