Cost Approach To Value
Valuing real property based on the expected cost to buy property of identical value. The replacement cost to build a structure should be based on current prices. The appraisal should consider any deterioration (depreciation) to the property in question.
Popular Real Estate Terms
When looking for the definition of a land surveyor, most definitions are quite simple and concise: a land surveyor is a person who measures the distance between two points, the angle ...
Interest rate on a mortgage that moves up or down based on some variable such as an index of lender's cost of funds, inflation rate, or prime rate. ...
An adversary hearing allows both parties to an issue to present their views. A public procedure performed by an administrative or legislative body to investigate certain matters and ...
Situation in which a business debts exceed the fair market value of its assets. ...
Person who leases rented premises from the initial lessee. The sublease is for a time not exceeding the original lease period. ...
Fibrous, fire-proofing material that was used in buildings and homes for insulation. ...
The definition of a storm ready community is any community across the country that demonstrates it has the means to prepare and educate the population for severe weather conditions. ...
(1) The interest rate charged on a construction loan. (2) The rate at which construction loan progress payments are made. See also bridge loan; bullet mortgage; development loan. ...
Legal abbreviation meaning with husband. ...
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