EXCESS and SURPLUS Land: 8 Things You Should Know

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Understanding the difference between excess and surplus land is essential when looking at various plots to purchase.

This is because knowing the difference helps you to identify the value.

You’ll often hear excess land and surplus land discussed in the context of an appraisal.

Appraisers must determine if there is excess or surplus land in order for them to determine an accurate value.

If you’re gearing up to have your land appraised, or you’re beginning to look at plots to buy, knowing the difference between excess and surplus land can be helpful.

Here’s what you should know.

Disclaimer: we are not lawyers, accountants or financial advisors and the information in this video is for informational purposes only. This video is based on our own research and experience and, while we do our best to keep it accurate and up-to-date, but it may contain errors. Please be sure to consult a legal or financial professional before making any investment or purchasing decisions.