Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Protective Covenants - Buying A Home


In addition to zoning, some properties have covenants recorded at the courthouse that "run with the land." These "protective covenants" can put a serious pinch in your plans for a piece of property.

Protective Covenants

A protective covenant remains in effect as the property is sold from owner to owner. The covenants are designed to maintain a certain aspect of the area in question. The covenants may require a particular architectural style or use for the land to mention only a few areas of restriction.

Land in a scenic area may have a protective covenant that prevents certain types of development for the land or properties on it. Importantly, these restrictions may not show up in the zoning laws, so make sure you research the issues before buying. Let's consider an example of a great buy gone wrong because of a protective covenant.

A protective covenant may restrict the number of parcels into which the property can be subdivided. Thus, you could find yourself in a situation in which you buy a one hundred acre parcel with an eye toward subdividing it. Upon researching the issues, you discover the zoning laws allow the parcel to be cut into quarter acre lots. Visions of profit swirl before your eyes. Your development dreams, however, could turn to nightmares if there is a protective covenant.

Assume you go ahead and purchase the parcel. While showing it to a friend, a neighbor from down the road walks up and introduces himself. You excitedly explain you plans for subdividing only to be shocked when he tells you there is a protective covenant that prevents the creation of any lots under ten acres. What if the covenant restricts ANY subdividing of the parcels? That great deal you got on the parcel may not look so hot when the protective covenant is factored in.

So, how should you deal with protective covenants? First, you should ask the seller whether any exists for the property. Second, make sure you buy title insurance as the title company will certainly look for any protective covenants before issuing a policy.

Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

Spring's 2018 Real Estate Market Is A Good News Bad News Story
Forbes
The Spring 2018 real estate market is a good news bad news story. A recently released report from Arch Capital MI points to affordability slipping, inventory declining while interest rates and housing prices rise. Key findings from the Arch Capital MI ...



Forbes

The Blockchain For Real Estate, Explained
Forbes
There is a lot being written about blockchains, bitcoin and related technologies, and for many real estate professionals, this is part of a brave, new, confusing world of technology. Like the original internet, the blockchain is a revolution in ...



Daily Beast

Why Should Hannity Have to Disclose His HUD-Backed Real-Estate Empire?
New York Magazine
Sure, they had “occasional brief conversations” about “legal questions,” which “exclusively, almost, focused on real estate.” And Hannity didn't pay him? Correct, he “never paid Michael Cohen for legal fees.” But they both think this fell under ...
Hannity Owns Real-Estate Empire, Linked to Shell CompaniesDaily Beast
Sean Hannity Reportedly Owns a Real Estate EmpireSplinter (blog)
Sean Hannity has quietly amassed a vast real estate portfolio, records in Michael Cohen case showThe Real Deal
TPM -Washington Examiner -AlterNet
all 101 news articles »


Fortune

Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
Fortune
New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



USA TODAY

Sears CEO Eddie Lampert offers tentative deal for real estate, Kenmore
USA TODAY
Sears Holdings CEO and hedge fund investor Eddie Lampert has offered to potentially buy the distressed retailer's real estate, Kenmore brand and other assets. Lampert's hedge fund disclosed Monday that it had sent a letter to the retailer on Friday ...

and more »


Sarasota Herald-Tribune

REAL ESTATE PEOPLE
Sarasota Herald-Tribune
Jackie Avenia has joined Sunset Business Brokers International LLC, in Sarasota. She has been a licensed Florida real estate agent since 2015, and recently acquired the Seniors Real Estate Specialist designation. She works in residential and commercial ...

and more »


Buffalo News

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending March 16, 2018. ALDEN • 13185 Broadway St., Paul R. Hunt; Pauls Bike&sports Center to Eggink Rei, $275,000. AMHERST • 22 ...



Updated presentation for investors of INVL Baltic Real Estate
GlobeNewswire (press release)
INVL Baltic Real Estate announces an updated presentation that will be used for the meetings with investors. Compared to the presentation, which was published on 21th December 2017, the Company informs that the information related to the terms of the ...



Charleston-area commercial real estate sales
Charleston Post Courier
James Dingle of Coldwell Banker Commercial Atlantic represented The Corner of Awendaw Associates LLC in its $375,000 sale of a 2.5-acre lot at 5030 Highway 17 to Charleston County. Goose Creek. Jack Owens of Lee & Associates represented Mims Amusement ...



BRIEF-CONSUS Real Estate Realises Cash Inflow Of EUR 131 Mln From Recent Vauvau Forward Sale
Reuters
BRIEF-CONSUS Real Estate Realises Cash Inflow Of EUR 131 Mln From Recent Vauvau Forward Sale. Reuters Staff. 1 Min Read. April 23 (Reuters) - CONSUS REAL ESTATE AG: * DGAP-NEWS: CONSUS REAL ESTATE AG: CONSUS - REALISED CASH INFLOW OF EUR 131 MILLION ...


Google News

home | site map
© 2006 TIGER MEDIA