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The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Land banking originated in the 1920s and 1930s as a means of making low-priced land available for housing and ensuring orderly development. [2] The period of deindustrialization in the United States coupled with increased suburbanization in the middle of the 20th century left many American cities with large amounts of vacant and blighted industrial, residential, and commercial property.
Here are 10 tips for selling your home that Realtors say will separate you from the competition — and help you bring in a higher price. 1. Find a real estate agent
By following these steps, you'll increase the likelihood of a quick sale and ensure a smoother and more enjoyable selling experience. Alert: highest cash back card we've seen now has 0% intro APR ...
Viral ploy to sell land for pennies puts Swedish town in ‘crisis mode’ as interested buyers flood phones. Hannah Frishberg. July 2, 2024 at 3:15 PM. götene land sale program crisis.
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