Change


Definition of "Change"

Concept used in valuing real property that conditions may be altered requiring a revised estimate of market value. These conditions include a shift in the demand/supply relationship, deterioration of property, and capital improvements.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Market Risk

Uncertainty in the price of real estate due to market, economic, political or other conditions. ...

Pooling Charge

Amount that each member of a pool contributes to that pool. ...

Wood-destroying Insect

An insect, such as a termite, that "eats into" the wood and destroys it. This can cause significant ...

Cafeteria Benefit Plan

Arrangement under which employees may choose their own employee benefit structure. For example, one ...

Three-factor Contribution Method

Principle of surplus distribution as the result of excess funds above the amount required to establi ...

Short-term Capital Gain Or Loss

The profit or loss from selling an investment that is held one year or less. Short-term gains are or ...

Related Real Estate FAQ

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Wraparound Mortgage?

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

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor Home Prices - The Extra Costs Build or Buy? That’s the Big Question What is Escrow and how does it Work? 5 signs of house foundation problems

FAQ

What do I need to know about Business Insurance? What is cooperative? What is a wraparound mortgage? What is an adjustable-rate mortgage (ARM)? What are the benefits of Commercial Auto Insurance?