Peter Mohylsky, Let me help you find your path to the beach.  (PrimeSouth Properties)

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Rainmaker
1,606,800
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

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
3,315,326
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

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

Sep 05, 2019 12:30 PM
Rainmaker
2,791,060
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist
Sep 05, 2019 12:34 PM
Rainmaker
3,205,097
Endre Barath, Jr.
Berkshire Hathaway HomeServices - 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
3,096,740
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

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

Sep 05, 2019 12:55 PM
Rainmaker
769,186
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

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

Sep 06, 2019 09:36 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - 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
4,449,237
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
2,999,949
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's 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
1,218,152
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
4,997,189
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for 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
5,383,825
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am not familiar with it.

Sep 05, 2019 11:56 AM
Rainmaker
403,449
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
191,277
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
3,018,004
Richard Weeks
Dallas, TX
REALTOR®, Broker

Probably just another rule that is not followed.

Sep 06, 2019 02:52 AM
Rainmaker
1,239,126
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
464,460
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
184,622
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
1,534,836
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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

Sep 05, 2019 12:12 PM
Rainmaker
528,588
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
583,530
Peter Mohylsky
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

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
1,834,013
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Never heard of it

Sep 06, 2019 05:40 AM
Rainmaker
3,278,414
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
745,915
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
Rainer
420,689
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
548,678
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
Rainmaker
1,322,282
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I'm clueless.

 

Sep 06, 2019 11:45 AM
Rainmaker
1,120,676
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

No, never heard about it. 

Sep 07, 2019 10:13 AM
Rainmaker
1,557,051
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No, did not.

Sep 08, 2019 07:29 AM