If you are considering buying or selling a Mobile Eastern Shore home, you need to be aware of the possible impact an easement could have on the property’s value or on a buyer’s impression of the property. An easement is a encumbrance on the title of the property and indicates that a third party has been granted the right to use a defined area of the parcel for a general or specific purpose.
There are many types of easement, both as a permanent arrangement and a limited-time agreement, and the most common ones are the:
- Right-of-way – Allows a person(s) to travel across the land of a Mobile Eastern Shore home.
- Public entity – Gives utility companies and/or local governments the right to install power lines, sewers, and water mains, etc.
- Other easements
a. Provides pathways across pieces of property.
b. Forbids the blocking of a view.
c. Permits public access to a beach or park.
d. Allows use of a neighbor’s driveway.
e. Grants rights to preservation organizations.
f. Limits types of development on/of the land.
While in most cases easements extend only along boundaries and have little effect on the value of your Mobile Eastern Shore home, it is important to determine that they do not affect the general use of the property or place any burden on the owner of that land. Owners and would-be buyers should…
1. Be aware of what easements apply to the piece of real estate
2. Understand exactly what the easement allows and/or prohibits and
3. Possibly obtain an appraisal of the value of the easement.
Although most easements “run with the land” or pass forward to a new owner, it is sometimes possible to remove them through legal action, such as a quit claim deed or execution of a release agreement by all parties involved. Consult an experience real estate attorney to explore these actions as well as to confirm the presence, scope, and implications of any easements on the property of your Mobile Eastern Shore home.
The Judy Niemeyer Team knows that selling or buying a Mobile Eastern Shore home is a major event in your life. It represents one of the largest single investments you may make in your lifetime. It is, therefore, our Goal to make this experience a seamless one. Whether buying Mobile Eastern Shore real estate or marketing Mobile Eastern Shore homes for sale, we will provide unparalleled professional, quality service and the most productive approach to achieving your goals.
You can contact Judy by email or by calling 251-990-0569.