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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

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Difference Between Leasing and Renting

Movoto

This is essential for landlords producing these documents and the tenants who will be signing them. Whether you’re looking to rent a new home or you’re considering becoming a landlord, knowing the difference between renting and leasing can help prevent costly problems arising from the language unique to each of these arrangements.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. The value may be the same as fee simple, but the interest is identified as a leased fee.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Examples: Owner occupied properties don’t have a lease in place and so the property is appraised based on market rents. The value may be the same as fee simple, but the interest is identified as a leased fee.

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Inheriting A House? Here Are Your Options

Quicken Loans

Each option comes with its own set of legal, financial and emotional implications, which means you’ll want to deeply consider all three before making a final decision. In any case, you’ll want to have a clear grasp of the legal ramifications of the home’s existing mortgage to understand how it will impact your repayment plans.

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What to Do If You Inherit A Home

McKissock

Primarily, the issues revolve around the following aspects: Financial and legal responsibilities : This financial responsibility primarily includes things like any debt obligations like a mortgage, that may be attached to the inherited property. Author Bio : Kanayo Okwuraiwe is a startup founder and a digital marketing professional.

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12 Questions to Ask Your Real Estate Agent

PennyMac

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry.