Ability To Pay | Real Estate Glossary

Definition of "Ability to pay"

Toby Davis

RE/MAX Executives

Real estate buyer's financial ability to make interest and principal payments on a mortgage.

See cost approach. ...

Method of operation. ...

provision in a written agreement allowing the prospective purchaser the right to cancel the contract ...

Storage of inactive items, including automobiles, for a certain period. Normally, a storage facilit ...

Independent agency, established in 1970 to permit coordinated and effective government action on beh ...

Health insurance that provides coverage for physicians' fees for all services, with the exception of ...

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

Your motor home can be both your transportation and your home away from home. So like your auto and ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

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