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According to Wilkins, this scam primarily involves scammers selling vacant land that other people own. “Usually, it’ll sound too good to be true,” said Wilkins, adding that victims are lured ...
In central Ohio, the commission is often 3% of the sales price to each. A seller, for example, would pay a total of $18,000 ($9,000 to agents on each side) on the sale of a $300,000 home.
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
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.
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