Remove Blog Remove Contracts Remove Legal Remove Real Property
article thumbnail

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

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143
article thumbnail

The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

DEPRECIATION Appraisers will measure the amount that the improvements have depreciated when appraising most types of properties. HIGHEST AND BEST USE Appraisers also must determine the Highest and Best Use of a property. We must determine if the current use is legally permissible. Hopefully, I shared some for thought here.

Appraisal 302
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Value of Words in Valuation

Appraisal Buzz

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. The word that is meaningful to the premise of this blog is summary. Summary, What Does it Mean? adjective.

Valuation 360
article thumbnail

Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. A full accounting of each service performed on the commercial property, pertaining to maintenance, operation, and repair. 1031 Exchanges.

Investing 138
article thumbnail

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. It is beneficial and can save time and avoid follow-up questions and scope of work revisions to identify the actual property to be appraised. Value Scenarios.

article thumbnail

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

Hood Homes Blog

SELLER’S DISCLOSURE OF PROPERTY CONDITION. (a) In the Contract. Usually, the listing agent uploads the seller’s disclosure to the MLS with the property listing so that it is immediately available to the buyer’s agent to send to the buyer. Texas Seller’s Disclosure Law. The Fort Hood Inspection.

article thumbnail

Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

It is very helpful and can save time and avoid later questions and scope of work revisions to identify the actual property to be appraised. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Key Appraisal Items to Communicate. Clarify What Value or Values are Needed.