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Rainmaker
2,373,186
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have not Peter Mohylsky  but I'd love to hear what Endre Barath, Jr. has to say.

Sep 05, 2019 11:59 AM
Ambassador
5,202,628
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Don Davies is a land specialist in Asheville - former AR member. Could it be him?!

Sep 05, 2019 12:30 PM
Ambassador
3,339,204
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services
Sep 05, 2019 12:34 PM
Rainmaker
4,423,850
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Peter thanks to all those who pulled me in to this question here are my two cents...Davies rule references the MA Congressman & his partner  Jacka.. Also known as Dodd/Frank rule. My take is that  they have hurt the lenders as well as the Real Estate Industry in more ways than I can describe. It was written to “help” consumers as well as consumers who are considering buying dwellings. Now keep in mind I live in California and I cannot give legal advice, with that said I am fairly sure that vacant land with no improvements will not be considered under the Davies rule of dwellings. Hence, I would suspect it does not fall under or should I say would be excluded from all the Special Rules that the Davies Rule has been imposed by Dodd-Frank but you better get an attorney to confirm this…

 

 

Sep 05, 2019 10:46 PM
Rainmaker
5,096,266
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I'll admit that I'm stumped, Peter!

Sep 05, 2019 12:55 PM
Rainmaker
1,189,122
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

I bet Bob Crane may know and Endre Barath, Jr. 

Sep 06, 2019 09:36 AM
Ambassador
6,353,602
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

If only valuation of land could be that regimented, we use similar rules for calculating resources on the land but I suspect that buyers of lots do not care about these small slice differences.

Sep 05, 2019 10:11 PM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I have no idea, perhaps Endre Barath, Jr. can pop in and clarify. A

Sep 05, 2019 11:41 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I list land, sell land, subdivide land and even buy it here and there and have never heard of it or had it come up. Endre added a good insight to assist as well. 

Sep 06, 2019 05:45 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Thank you Endre Barath, Jr. for A to the Q that stumped many of us.

Sep 06, 2019 05:10 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

isn't that in reference to agricultural land owners being stripped of their rights of ownership....

Sep 05, 2019 12:14 PM
Rainmaker
7,789,079
Roy Kelley
Retired - Gaithersburg, MD

I am not familiar with it.

Sep 05, 2019 11:56 AM
Rainmaker
706,977
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I do not know what Davies Rule is.

Sep 05, 2019 11:39 AM
Rainer
217,662
Ted Glover
Alderman Classic Realty, LLC - Moultrie, GA
ABR in Moultrie, Georgia 229-854-5422

Hi Peter. No I have not but that did interest me in finding out what it is. So What is it and how is it used?

Sep 05, 2019 11:18 AM
Rainmaker
4,851,571
Richard Weeks
Dallas, TX
REALTOR®, Broker

Probably just another rule that is not followed.

Sep 06, 2019 02:52 AM
Rainmaker
1,498,258
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have not, and am interested to read what Endre Barath, Jr. has to say.

Sep 05, 2019 09:36 PM
Rainmaker
678,778
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Okay, I give up!

Sep 05, 2019 07:55 PM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

It might be referring to the Ray Davies Rule...when you sealed a good land deal, you'd dance your "happy dance" to one of the Kinks tunes, perhaps the "Come Dancing" tune. I'm not totally sure of the rules...

Sep 05, 2019 04:06 PM
Rainmaker
1,839,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Nope but there is exactly zero vacant land here to sell.

Sep 05, 2019 12:12 PM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Peter,

 You got me. We didn’t study Davies rule in my real estate school.

 

It turns out it is:

“Table based on the following formula, for estimating the value of strips of lot 25 feet wide, from one inch to one hundred and twenty-five feet, for each inch of depth, and from one hundred and twenty-five feet, to two hundred feet for each foot of depth,”

 

I had to go look it up here:

https://chestofbooks.com/real-estate/Real-Estate-Principles-Practices/No-84-Davies-Rule.html

This index:

https://chestofbooks.com/real-estate/Real-Estate-Principles-Practices/index.html

will let you brush up on:

Brundage Clause

Lifting Clause

The Hoffman Rule

And many, many more of your favorites.

I can see where the Davies rule could be useful for tax assessors but not as much for us in everyday use.

Fun question.

Sep 06, 2019 07:02 AM
Rainmaker
1,183,583
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

OK,

Generally you should not ask a question unless you are wiling to provide the answer so here it is Davies Rule

Sep 06, 2019 06:47 AM
Rainmaker
2,169,007
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Never heard of it

Sep 06, 2019 05:40 AM
Rainmaker
5,191,633
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Endre Barath, Jr. provided a good explanation. We are the government and are here to help on issues over which we have no clue! Nuff said!

Sep 06, 2019 05:19 AM
Rainmaker
908,608
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It has never come up in any type of land sales or subdivision processes around here.

Sep 06, 2019 03:13 AM
Rainmaker
536,943
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Just when I thought I had heard everything.  Apparently not.  Explain!

Sep 05, 2019 06:56 PM
Rainmaker
755,955
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I have sold land before - I am no land specialist- but land I've listed has sold. Having said that I have never heard of this  rule. My natural curiousity took over & I Googled it yesterday, when you had 1st posted it. I was left rather speachless at the explanation; hence the comment a day late. I'm sure someone somewhere will find this rule helpful. 

Sep 06, 2019 06:24 AM
Ambassador
2,161,151
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

I'm clueless.

 

Sep 06, 2019 11:45 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No, never heard about it. 

Sep 07, 2019 10:13 AM
Rainmaker
5,849,089
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not.

Sep 22, 2019 01:57 PM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No, did not.

Sep 08, 2019 07:29 AM