American Land Development Association
Trade group of predominately land developers.
Popular Real Estate Terms
As one of the principles of contract, the lawful object meaning can be defined as an object or action which is authorized, approved, and not prohibited by law. A contract to be legal ...
A business in which one or more person, with unlimited liability, called general partners, manage the partnership. There are also limited partners who contribute capital, but do not manage ...
Suppose you’re fascinated with making “easy” money with real estate. In that case, wholesale or wholesaling real estate might be your cup of tea. But what is wholesale ...
The spouse's legal right, upon the death of his wife (or her husband), to a life estate in all lands she (or he) owned. ...
Period of time during which a complainant in a real estate transaction can seek a financial recovery from a licensed real estate broker or agent. The time period is determined by state ...
A judicially approved plan in which a persons obligations are paid over three years. It is an arrangement for the repayment of debts which permits a credit user in severe financial straits ...
Form of real estate organization created by an agreement between two or more individuals who contribute capital and/or their services. Advantages are: it is easily established with minimal ...
Individual engaged in selling a product or service. The product may be an investment in real estate. In some instances, state law may require licensing to safeguard the public by requiring ...
The definition of emblements in real estate is very simple: emblements are the crops grown on a piece of property leased to a tenant. Legally, the crops are the property of the person who ...
Comments for American Land Development Association
I Have property on a well-known resort island. I want to make sure I am not taken advantage of by selling the land for less than its worth to a developer. I want someone with expertise in Land Development to help me with coming up with a realistic price for the property.
Feb 20, 2020 12:49:12Hello, Dannie! Thank you for reaching out to us! I can’t find a reason why you shouldn’t go with a professional real estate appraiser? A qualified appraiser needs to be licensed or certified, needs to be familiar with the area and this is required in all 50 states. He is obligated to be impartial and to have no interest in the transaction. Think about the fact that lenders use qualified appraisers to lend huge sums of money. They won’t put their money on the line if they can’t trust the appraiser’s expertise in providing a correct appraisal for a property. Because in case of foreclosure they would have to sell the property to recoup the money. So we highly suggest you go with a professional real estate appraiser. Also, we do have an article talking about when to dispute a home appraisal and how? You could check it out if you’re interested.
Apr 09, 2020 12:07:56Have a question or comment?
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