I have a question about property easements?

[mikejr]

Originally Posted by Boss Hoss

A good team of professionals would certainly help here(mortgage broker, appraiser, realtor). Often times in todays mortgage market underwriters/product guidelines call for an interior AND exterior appraisal when not too long ago the same situation would only require an extrior property appraisal. If interior and exterior is required then the interior needs to look livable in pictures(cabinets hung, countertops in place, flooring, etc). In my neck of the woods lenders do not like properties on 10plus acres so that adds to the situation. Good luck.

some areas lower the limit on "excess" acreage to 5 acres. Just depends on what the norm is in the area.

We've had appraisers ding a property for pet odor lately, its getting really tight!

[Yetti]

well I have the wife looking at more stuff searching for more homes to check out, she has been finding some monster homes that are forclosed. one was listed in the mid $1Ms seems everyone is bailing on Michigan and the end is nowhere in site. the part that seems to show what wrong is the taxes on the property were $60,000 a year.... who can afford that plus the house payment?

[mikejr]

There is a house here in the Pittsburgh area thats currently listed for $20 million, the taxes are $90K a year. What the heck does a person do for a living to be able to #1 afford the house payment and #2 afford those property taxes. Its insane! There are some crazy wealthy people in this world.

[wpage]

I owned a property with a easement. It was a little scary going in. Turned out no big deal! Yeah property taxes suck and are ruining the market in R/E

[mikejr]

Originally Posted by wpage

I owned a property with a easement. It was a little scary going in. Turned out no big deal! Yeah property taxes suck and are ruining the market in R/E

Most property has some sort of an easement be it utility based, municipal based or otherwise. 99% of the time an easement isnt a big deal.

[wpage]

Originally Posted by mikejr

Most property has some sort of an easement be it utility based, municipal based or otherwise. 99% of the time an easement isnt a big deal.

Yes most. In this case I had a 2 family home that shared a driveway and then split off in the back. Since the neighbor was OK it was no problem. As long as no one blocked off the common easement area. Then the phone would ring!