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How to analyze numbers deed

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All right, in todays video were gonna discuss deeds. Now, Im not gonna talk about the different types of deeds in this video. If you want a video on the different types of deeds, go ahead and click right up here. The little i in the upper right hand corner. Thatll take you to that video. Today were gonna discuss basically the purpose, how we convey tile using a deed. Remember, conveyance of title simply means transfer of ownership. Were gonna talk about essential elements, what kind of things must a deed contain, for it to be legal and valid. And then whats the purpose of recording the deed. So lets get started. First thing we want to talk about is the deed. Whats the purpose of the deed? Well the purpose of the deed is to transfer, to transfer ownership. Now we call that conveyance of title. Those two terms can be used interchangeably, and you dont know how the real estate licensing exam question is gonna be structured. So they mean the same thing. The other part is trans

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What is the most important element of a deed?

The execution of the deed is the actual signing of the deed by the grantor or by the grantors authorized agent. Execution is an essential element to the validity of a deed.

What are the four criteria for highest and best use?

Heres a breakdown of the four criteria that Highest and Best Use must meet. Physically possible. You must consider the size, shape, topography, and accessibility of the site when determining if it is physically possible. Legally permissible. Financially feasible. Maximally productive.

What is an example of highest and best use?

For example, assume that House B has a value as a house of $200,000, and a site value as a commercial lot of $250,000 with a cost to demolish the house and prepare the site at $25,000. The highest and best use of the site is to demolish the house and sell the site as a commercial lot.

What type of deed is most commonly used?

A warranty deed is a transfer of title where the seller pledges to the buyer that the property is owned free and clear of all liens. This deed is the most commonly used deed with the issuance of title insurance.

What are the 6 covenants in a deed?

There are up to six express covenants that may be found in a deed: the covenant of seisin, the covenant of the right to convey, the covenant against encumbrances, the covenant of quiet enjoyment, the covenant of general warranty, and the covenant of further assurances.

What is the highest and best deed?

Definition: ing to The Uniform Standards of Professional Appraisal Practice, 2002, highest and best use is defined as The reasonably probable and legal use of property that is physically possible, appropriately supported, and financially feasible, and that results in the highest value.

What is the meaning of deeds?

A deed is the actual legal document that would transfer the ownership (title) of a property from one person to another. A deed is signed by the person selling or transferring the property rights, called the grantor.

What is the best type of deed to get?

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

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