All Posts Tagged With: "land"
National Real Estate & Mortgage Associations
Below is a quick and handy list of the most important real estate and mortgage associations in the U.S. American Arbitration Association Appraisal Institute Association of Real Estate License Law Officials (ARELLO) Building Owners and Managers Association (BOMA) Commercial Investment Real Estate Institute (CCIM) Community Associations Institute (CAI) Council of Residential Specialists Counselors of Real [...]
30Dec2008 | Peter G. Miller | 0 comments | Continued
Can I Get A Loan For Raw Land?
Buying land, and later building on it, is generally a process with three financing needs. First, money is needed to acquire the land. Second, money is needed to construct “improvements” such as a home. Third, owners will want long-term financing once construction is completed. It’s usually best for borrowers to obtain acquisition, construction, and permanent [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What’s A Land Contract?
A “land contract” or “contract for deed” or “agreement for sale” is an installment sale — you buy today but only get title after some or all of the payments are made. If you miss a payment, you could lose some or all your equity. Because title has not been transferred, there is nothing to [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What Are The Pros & Cons Of A Land Contract?
A land contract may allow a buyer to obtain real estate even if he or she is not currently able to obtain financing through regular loan channels. A land contract may allow a seller to market a property when interest rates are high or markets are weak. If a buyer with limited financial capacity purchases [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What Is A Land Lease Or Ground Lease?
With a land lease or ground lease, all improvements (a house or apartment building, for example) on the property revert back to the land owner at the end of the lease period, usually without additional compensation or payment of any type. Thus, as the end of the lease term gets nearer and nearer, there is [...]
28Aug2008 | Peter G. Miller | 0 comments | Continued
What are “transfer development rights?”
Transfer development rights (TDRs) are a zoning tool used to control land usage. Suppose you have a farm. The local government wants you to keep the farm intact and not subdivide. So, to encourage the retention of open farm land, the local government will allow you to sell your right to subdivide to someone else [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
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