Afforestation

Definition of "Afforestation"

Creating a forest cover on a land area not previously forested. Not only increases the aesthetic value of the land, but helps to prevent erosion thereby improving the environment.

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Popular Real Estate Terms

Standard Of Living

The quality of life enjoyed by a person depending on factors such as spendable income, housing conditions, health and education. ...

Bundle Of Rights Theory

Those legal rights that are a part of the ownership of property. These rights include the rights to occupy and use, peaceful enjoyment, bequeath, cons ...

Escrow Statement

Declaration by an escrow agent that instruments or property are being held by him in accordance with the agreement to the parties in a real estate dea ...

Detached Housing

Freestanding residential housing constructed on its own building lot. Detached housing is the typical type of housing found in suburban developments. ...

Capacity

(1) In real estate, the amount of development dollars an area can profitably support. (2) Ability of a service business to render services based on hu ...

Standard Metropolitan Statistical Area (SMSA)

Area or county used in the census or other data gathering functions that has a population of 50,000 inhabitants or more. ...

Popular Real Estate FAQ

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidation, or other factors. ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as an annual allowance that helps you recover on you ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

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

I Looked At A Property Yesterday With A REALTOR® Who Seems To Be Clueless. I Am Really Interested In Purchasing The Property, Though. Can I Switch Agents And Still Make The Purchase?

If you truly want to purchase that property, the only ethical thing to do is to purchase it through that REALTOR. Otherwise, you could set up potenti ...