How does time impact the resale value of a fixed-term deed?
I own a property that I purchased from the previous owner. It is a 75-year deed with 35 years remaining. After 35 years, ownership reverts to the original landowner.
I don't plan to sell for another 10-15 years. However, when the time comes, how would I factor in the time constraint? Since there is so much time remaining, I didn't really consider it when I purchased.
For a typical deed with permanent ownership, I'd just look at other comparable properties to get an idea of sale price and combine that with an appraisal. I can still have the property appraised but I don't know what sort of formula I should apply to take the finite lifetime of the property into account.
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