Aesthetic Value

Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gift or an inheritance. This property legally belongs to that spouse and cannot be taken ...

Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years. ...

Approval by an individual or business of a prior act. Without such confirmation, the act would not be binding. ...

Listing of real estate property done without any effort an the part of the real estate broker. An example is when a homeowner calls the real estate brokerage firm on his own without having ...

Modification in the amount of money involved for some justifiable reason. ...

Helps in supporting a building. ...

“What is Rent Control?”, you ask.Rent Control is how some governmental policies that prevent the Landlord from abusively raising the rent are called in the real estate ...

Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...

Earnest money is a deposit you make when you make an offer on a house. ...

The public tax assessor value of a property as determined for the purpose of taxation. ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract is valid. ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

Wondering how big is an acre?It is common to hear people say that it's almost the size of a football field without both end zones. But sometimes *almost* is not enough and you need to know ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

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