Character Of A City

Definition of "Character of a city"

Charm, ambiance and allure of a city that becomes its overall unique appeal. For example, San Francisco's character includes its large artistic community and cable cars.

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Popular Real Estate Terms

Overage Income

Rental based on a percent of sales or profit that in addition to the constant rental amount. ...

Important Land Features

Factors affecting the useability and value of property. Important land features would include whether the land was flat or hilly, cleared or uncleared ...

Allowance For Vacancy And Income Loss

Provision made in evaluating and valuing rental or income-producing property for the income lost from unoccupied premises. ...

Sole Plate

A two-by-four used for wall resilience and partitioning. Studs rest on it. ...

Execute

To fulfill , complete, implement, perform, or carry out terms of an agreement including completing a signature on a contract and delivering a document ...

Reproduction Cost

Current cost to replace property with an identical property after allowing for the depreciated value of the property. ...

Popular Real Estate FAQ

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising water. ...

Why Do People Refinance?

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. ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a property. ...

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 ...