Do you realize when you sell TDR's the rest of the acreage gets devalued?
Okay so I thought it had something to do with property/land so I must've heard the term before.....
Do you realize when you sell TDR's the rest of the acreage gets devalued?
I still don't know. 'er
I still don't know. 'er
I was thinking time domain reflectometer.
Transferrable Development Rights were created as a way of compensating landowners for loss of value when they agree to - or are forced to - forego their right to subdivide and sell their property to a degree. At the same time, to create a market for TDRs where none existed before and thus create a value for them, the county created requirements to purchase TDRs for certain types of development in designated areas.
In my case, what I could have simply had subdivided by survey back when I bought it cannot be subdivided now without me purchasing 2 TDRs.
The most frustrating thing about the whole TDR market is that there is no actual market....I still don't know how one finds a TDR for sale other than catching an ad someone might put up. Yet the large developers always seem to be able to find the ones they need.
In slow but I do try English (laymans terms)... is that like I have 10 acres and my children want to build homes. So I separate and mark off 2 acres each for them, making it three properties? If not, I give up and don't care what they are. Smelled smoke too many times today, I'm tired.
Does anyone know what they are selling for right now? Any projects that need them?
In slow but I do try English (laymans terms)... is that like I have 10 acres and my children want to build homes. So I separate and mark off 2 acres each for them, making it three properties? If not, I give up and don't care what they are. Smelled smoke too many times today, I'm tired.