If you are considering buying or selling a Bradley Beach NJ 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:
- Allows a person(s) to travel across the land of a Bradley Beach NJ home.
- Gives utility companies and/or local governments the right to install power lines, sewers, and water mains, etc.
- Provides pathways across pieces of property.
- Forbids the blocking of a view.
- Permits public access to a beach or park.
- Allows use of a neighbor’s driveway.
- Grants rights to preservation organizations.
- 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 Bradley Beach NJ 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 Bradley Beach NJ home.
Patrick Parker and his Realty Team are experts in Buyer Brokerage and specialize in representing your best interests, negotiating with your goals in mind and getting you the best possible deal when you buy your next Jersey Shore home.
When representing you as a Seller, they go the extra mile to help you achieve your goals. Patrick and his Team are constantly researching the market and property values so your Jersey Shore real estate is priced effectively from day one. They also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.
For more information about buying or selling a Jersey Shore home, please call Patrick at 732-455-5252 or via email with our convenient contact form.