American Land Development Association

Definition of "American Land Development Association"

Trade group of predominately land developers.

Comments for American Land Development Association

DANNIE DAVIS DANNIE DAVIS said:

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  12:49:12

 
Real Estate Agent

Hello, 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  12:07:56
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The amount of money a developer must directly invest in order to obtain a development loan. It pays for the initial development cost including costs for items such as architectural plans, ...

Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...

Persons considered legally capable of entering into a binding contract. ...

Transaction savings realized by setting a fixed and certain price. ...

Gift of real property as stipulated in a will. ...

The result of an act or a fact. ...

Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in ...

Enhancement of a property's value even though the improvement is not on it. Lighting in the street would be an example. ...

Skeleton (bones) of a building. ...

Popular Real Estate Questions