Sell that house
This is the meaning of the acronym “DOM”. They can paint a picture of what’s taking place in the real estate market along with individual properties.
What is days on market?
The type of property often referred to as “realty” or “real estate”. It is both the land itself and anything attached to the land.
What is real property?
The name of the owner’s right to use the airspace above the property (within limitations of the law).
What is air rights?
If a lease terminates before a crop is mature, the tenant can re-enter the land to harvest this number of crop that matures after the tenancy terminates.
What is the first (one)?
In a Government survey, each township is 6 by 6 miles. Each section is 1 by 1 mile and assigned a number within this range.
What is 1-36?
These are the two most cost-effective ways to make the house feels newer.
What is paint touch ups and light fixture replacements?
The type of property that is usually movable and anything that is not land or attached to the land. Sometimes it is referred to as “chattels”.
What is personal property?
If aircraft sounds were disturbing your cows and drastically reducing the milk production, prove to these people that your property value has diminished and they could order compensation for financial loss.
What is the court/judge?
If it is not affixed, a real estate license is not required to sell this type of home. These homes can be removed from real property and sold as personal property (and a new owner may restore the title or remain realty). The owners of these homes must pay annual property taxes.
What is a mobile home?
A rectangular parcel of land, starting from the point of beginning, measures 180 feet north, then 90 feet east, then 180 feet south. This is the length and direction of the last side.
What is 90 feet west?
When pricing a home, these are some variables to consider.
What are Zillow/Redfin estimate, nearby sold/pending homes, views, access to necessities (like a highway), curve appeal, and esthetics.
The act of a property owner selling the rights to possess and use the property.
What is leasing?
With a non-navigable body of water, the owner owns a portion of water adjacent to the property. With a navigable body of water, the owner owns land only to this point.
What is the high water mark (the level reached at the highest tide)? the [land below the high water mark is public]
These are man-made attachments that become part of the real property (this includes houses, fences etc). In a real estate transaction, these will pass to the buyer by deed.
What are fixtures?
In a government survey, the principal meridian runs in these cardinal directions.
What is north-south?
In order to not waste any DOM, it is usually better to go live on one of these two days.
What is Thursday or Friday?
In addition to the land itself, a landowner’s property also includes these two spaces.
What is airspace and underground?
These types of minerals are governed by the rule of capture, meaning any mineral of this kind produced from well on the property is personal property.
What is a non-solid mineral (natural and oil gas)?
This method test to determine whether a fixture is real or personal property holds the most importance. It looks at the original objective of the person who installed it (whether they were trying to make a permanent change to the structure or not).
What is the intention test?
This is the oldest method of precisely identifying and describing a piece of land. It describes the parcel of land in terms of boundary lines.
What is metes and bounds?
Typically, a buyer and selling agent get this percentage of the proceeds as a commission.
What is ~ 3%? (In WA state, the average buyer's agent commission is 2.63% and the average listing commission is 2.67%.)
This is the term for an individual's rights as a real property owner. These include the right to possess, use, enjoy, encumber, will, sell, or do nothing.
What is the Bundle of Rights?
The name of something that goes with or pertains to ownership of a piece of real property (but isn’t a physical part of the property). For example, this includes minerals in the ground, sunlight, and an unobstructed view.
What is appurtenances?
This is the special legal rule for crops. This applies when agricultural land is leased to a tenant.
What is the doctrine of emblements?
A developer building on a tract of vacant land within city limits would be most likely to describe his individual lots with this method because the land has already been subdivided.
What is the lot and block method?