2,224,473
In my rural area, it can be a VERY BIG deal. We often sell properties with irrigation water and those rights need to be researched by the buyer.
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
3,345,091
I suggest you check with your local real estate professor ... all real estate is local.
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Nina Hollander, Broker
Charlotte, NC
6,393,609
I drink water, and if you stop by I will share.
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Nina Hollander, Broker
Charlotte, NC
1,502,998
Just with answering this question. Real non-existant in suburbia.
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Nina Hollander, Broker
Charlotte, NC
3,727,873
1,617,916
7,836,164
We do not have those issues in our area.
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Nina Hollander, Broker
Charlotte, NC
4,936,705
Lucky, do not have them in the city.
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Nina Hollander, Broker
Charlotte, NC
3,988,007
This has never been a concern nor have I had any dealings with water rights in my area.
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Nina Hollander, Broker
Charlotte, NC
4,319,419
Oakly Rogers - fortunately for me - nothing of that sort, yet!
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Nina Hollander, Broker
Charlotte, NC
2,684,109
Florida is governed by riparian rights.
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Nina Hollander, Broker
Charlotte, NC
2,178,603
This isn't something agents get "involved" in, per se. But, the lender will want to be certain there is a year around supply of potable water to any property being financed. "Water rights and shares" are more of an issue in rural, agricultural, and waterfront areas.
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Nina Hollander, Broker
Charlotte, NC
3,986,258
I would think your Professor would know this as he has had dozens ask this one.
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Nina Hollander, Broker
Charlotte, NC
4,882,355
5,049,450
I have no involvement in my area
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Nina Hollander, Broker
Charlotte, NC
4,572,183
My involvement is very small. We do have some areas in my market where there are shares in the water company and it is handled in the escrow process -- primarily a paperwork transfer.
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Nina Hollander, Broker
Charlotte, NC
5,583,278
I have no involvement with that in my area....
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Nina Hollander, Broker
Charlotte, NC
4,800,082
5,868,554
1,725,996
4,434,127
3,416,038
2,241,053
3,071,489
5,104,931
5,230,113
This is a state & locally-specific question - check with your instructor.
5,005,659
1,157,785
It would depend on the specific transaction and location of the property.
5,216,409
Not an issue in the states I practice in. Check your local laws and ordinances!
564,494
921,504
In coastal Florida the issue is riparian rights and the coatal control line.
As Mark Twain wrote, "Whiskey is for drinking over and water is for fighting over." As a real estate professional, you need to stay out of the fray by referring to those with authority on the subject matter.
4,272,548
That is worth 2 new required forms to our real estate transaction when selling land....
711,852
If your seller has water rights, these all need to be disclosed. If there is a potential the seller could lose his/her water rights, this needs to be disclosed. If you represent a buyer who needs water rights, you need to find a property which has these.