5132 Real Estate Case Study

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Recommended: Process of real estate transaction

The property is located Fillmore, NY near Holiday Road. Today the Vacant Land is listed for 120,000$ . However the lot was listed last year for 140,000$. The owner has all the paperwork ready for the buyer. The contract contain fixable terms to suit the buyer. The title and the deed of the land will be transferred to the buyer after signing the contract. The seller is ready to convey all of the surface rights of the land which refers to ownership rights of the real estate that is limited to the surface of the land. It does not include the air nor the subsurface rights. Therefore the Oil and Gas rights of the land do not covey. The seller/owner retain the rights of the oil and gas rights after proposed sale. To conclude, the deal of 5132 Holiday

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