Assessed Value

When someone says a house is abutting, it means it’s directly neighboring, that is, it’s adjacent to another property. So, abutter’s rights are the rights an existing ...

The floor space in a building that is actually under lease. Net leasable area is all the leasable area of a building exclusive of none leasable space such as hallways, building foyers, ...

Process of defining submarkets within an overall market. Market segmentation is the process of defining the suitability of a submarket for a specific property. For example, a new home ...

Representation on a flat surface of any region that depicts the elevation of that region. ...

A method widely used for evaluating real estate projects. Under the net present value method, the present value (PV) of all cash inflows from the project is compared against the initial ...

Court order to seize and sell property because of the nonpayment of taxes, or foreclosure of property. ...

income statement destroyed by a casualty such as a fire. This requires the reconstruction of the income statement based on source records, information, and documents. Income statement ...

Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mortgage property is sold. ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

Considering that property depreciation is the phenomenon of an asset losing worth due to its use over time, home depreciation is not only common but inevitable. However, this is ...

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 potential conflicts between your previous ...

Wondering what is the difference between a condominium and an apartment? Well, differently from the difference between an apartment and a flat, this one is not so much related to word ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...

Basic points relates to changes in the interest rate for your home. ...

When you hear someone referring to a real estate agent type as a “general agent”, it might seem that someone is calling that agent “basic”, common. Right? But the ...

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this ratio to qualify you for a loan. ...