Appraisal Date

Definition of "Appraisal date"

Date of the valuation of property, usually contained in a report.

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Related Real Estate Glossary terms

Estate Of Inheritance

An estate which descends to heirs in perpetuum. In an estate of inheritance, the current tenant not ...

Buy Down

Cash payment to a lender so as to lower the interest rate on a loan a borrower must incur. The lower ...

Total Housing Expense

Housing expense plus current debt service payments. ...

Rescission

Canceling a legal contract either with the permission of both parties or by one party exercising th ...

Equitable Conversion

This situation applied in some states when death prevents the seller of property, who has signed a r ...

Level Premium Insurance

Coverage in which premiums do not increase or decrease for as long as the policy remains in force. I ...

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What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Housing Ratio?

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

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

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