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Consider These Factors Before Buying Land In 2023

Cleveland Appraisal Blog

Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Before you purchase anything, consider the legal implications, including property taxes, zoning laws, environmental regulations, and permits required for your intended use. What are the local regulations?

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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. Tax advantages. Buyers can claim property taxes, the value of improvement projects (i.e., Maintenance and tax liability lifted. No legal title.

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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.

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Reconsideration of Value and Appraisers

Appraisal Today

Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that when appraising a real property, an appraiser must: (a) reconcile the quality and quantity of data available and analyzed within the approaches used; and. (b) Estate/trust appraisal liability advice from Peter Christensen. Excerpts: 2.