Advance

Definition of "Advance"

An increase in the price or market value of real estate.

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Related Real Estate Glossary terms

Hard Money

Gold or silver coins, as compared to paper currency. Convertible currency which has wide accept ...

Ground Floor

The floor of a building closets to the building grade. Normally, the ground floor of a building is t ...

Unrealized Capital Gains (losses)

Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown o ...

Random Shingles

Shingles having uniform length, but random width. Random shingles give a creative appearance to a r ...

1040

Yearly tax return filed by an individual or couple. It is due to the federal taxing authority on Apr ...

Internal Revenue Code: Section 501 (c)

Portion of the federal tax code that determines which organizations are exempt from federal income t ...

Related Real Estate FAQ

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

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What is an overall debt ratio? What is escrow? What does an appraisal mean? What does the Real Estate Settlement Procedures Act (RESPA) require? How Much Can I Afford ?