Ellicottville real estate and homes for sale in New York, resort properties, vacation homes - Larry and Louise Oeffling, REALTORS® Larry and Louise Oeffling REALTORS(r) for Ellicottville, New York real estate, resort properties, vacation homes - NUMBER1EXPERTS™ Larry and Louise Oeffling NUMBER1EXPERTS(tm) for Ellicottville, New York real estate, resort properties, vacation homes

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Larry and Louise Oeffling, REALTORŪ, real estate agents and broker for Ellicottville New York home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Zoning Laws >Easements

Every property has some kind of easement--utility, water and sewer or driveway easements which give access to landlocked parcels. As a property owner, you may be affected by easements at some point.

The easement in gross is the most common type of easement used by public utilities. These easements are often under or above the ground, so they do not consist of actual land. If a utility gains the right to an easement in gross over your land, it must pay you for the diminishment in value of your property.

Easements by prescription become easements simply through unchallenged use by the landowner for a specified number of years (usually 10-20). To avoid such an occurrence, the landowner must periodically make a formal objection to "start the clock over".

The most familiar type of easement is easement appurtment that allows access to public roads and is used to create driveways and walkways for subdivided parcels. This type of easement should be treated by both landowners (and beneficiaries) as actual land parcels to be described and recorded meticulously.

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Real Estate Trivia
Q 
Who is "Freddie Mac", and why is he a big name in real estate?

A 
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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Larry and Louise Oeffling, REALTORŪ, real estate agents and broker for Ellicottville New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Larry Oeffling
Ellicottville Real Estate

22 Washington Street
PO Box 1970
Ellicottville. NY 14731
Office: 716-699-6748
Fax: 888-569-8667
Email: LarryandLouise@NUMBER1EXPERT.com
Larry: Larry@ellicottvillerealestate.com
Louise: Louise@ellicottvillerealestate.com

Larry and Louise Oeffling are proud to announce the revival of THE ORIGINAL real estate company in Ellicottville, simply called Ellicottville Real Estate. We are now in our new downtown location at 22 Washington right between the Gin Mill and Earth Arts. Stop in to see us. Ask us anything about real estate. We'll help you!

Equal Housing MLS REALTOR



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