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Buying Land and New Construction >How Easements Affect Your Land
It is extremely important to discover whether there are easements on undeveloped land you are thinking about buying. An easement is the legal right to use another person's land for a specific, acknowledged purpose. Easements can significantly affect your development and use of the property.
A typical easement might permit the use of a dirt fire road that cuts through both the neighbor's property and your land. The road provides access to both properties, and your neighbor has to drive through yours to get to his. The house you build has to be situated ten to fifteen feet away from this access road. If the road cuts through the middle of the lot, you might have difficulty finding room for the house you want to build.
Consult with your real estate agent, an attorney or a title researcher for accurate information about the easements. When making an offer on undeveloped land with an easement issue, be sure to include a contingency that you must approve of any existing easements, or the offer is null and void.
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| Q |
What are considered the ideal conditions for a seller's market?
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| A |
In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
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thinkNMhomes Team
Realty
505-252-7979
Fax: 505-944-1073
info@thinkNMhomes.com
Albuquerque West Side Properties
The thinkNMhomes Team offers an Albuquerque West Side Properties Division. We are Your Albuquerque West Side Lifestyle Specialists for the Petroglyphs, Stormcloud, Sundoro North, Sundoro South, Prima Entrada, and Watershed. In our 6th year of knowing and loving the Albuquerque West Side market, we can provide information and resources whether you are new or moving up or down within the area. From new construction to resale homes… Our network within the community proves to help every one of our clients succeed in their real estate goals.   
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