WHAT IS Eminent Domain ?
The power to take private property for public use by a state, municipality, or private person or corporation authorized to exercise functions ofpublic character, following the payment of just compensation to the owner of that property.
VOLTAGE POWER LINES
your house can be a huge headache—especially when you're selling it in today's buyer's real estate market. One of the most
challenging aspects to deal with is determining your home's value. When it
comes to fixing a fair price, homeowners always shoot high. After all, you love
your house and you know how much work you've put into it. Won't someone else
appreciate it as much as you do?
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short answer is no. An experienced real estate
agent will take the
emotional factor out of the equation and help you come up with a realistic
market value for your house. But if you want to sell your house
yourself without a realtor—or you just want to be prepared for the
number they advise—here are five factors that can heavily skew the asking price
of your home.
all heard how important "location, location, location" is, and with
good reason. A great house in a bad location can knock as much as 50 percent
off the value. If you have the nicest, most expensive house in your average
neighborhood, then the value is also going to be much lower than it would be if
you had the least expensive house in a nice neighborhood. Other factors, like
freeways, proximity to a landfill or sewage treatment center, and train tracks,
can knock 10 to 15 percent or more off the value of your home. This is why it's
so important to shop location first when you're buying a house; you can always
improvements, but moving it to another neighborhood isn't going to
fridge is more than 15 years old and your oven isn't black or stainless steel,
then count on listing your house lower than you'd be able to if you had a fully
updated kitchen. With the influx of homes on the market right now, people
can easily get a home that doesn't need any updating, so why would they choose
one that does? If you don't want to update your home in order to sell it, know
that outdated rooms can affect the value of your home by up to 10 percent.
people don't want to own a home surrounded by rental properties. Although it's
a stereotype,tenants often don't keep up the property like
an owner would. In this case, the value of your house can go down as much as 15
percent, depending on how many rentals are in close proximity to your home.
market, don't count on getting more for your home if you just upgraded the
plumbing, bought a new furnace, or replaced your roof. However, if your home
does need those upgrades and you haven't done them, then it's going to knock as
much as 20 percent off the value of your home, depending on how severe the
upgrade is. Buyers simply don't want to shell out for major upgrades -
especially when there is a large pool of other properties to choose from.
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people looking to buy a house have kids or pets. If your home doesn't have a
fenced backyard, you're going to alienate a huge portion of the market since
fenced backyards are essential for keeping kids and pets safe and contained.
Not having a fence can knock up to 10 percent off your home's value.