Demolition


Definition of "Demolition"

Cherie & Scott Goldsmith
  Homestead Realty

The total destruction, razing, tearing down, breaking into pieces or pulverizing of a structure on a building site. Demolition usually occurs when clearing a building site either as preparation for building a new structure or eliminating a hazard.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Negative Points

Points paid by a lender for a loan with a rate above the rate on a zero point loan. For example, a ...

Undue Influence

Someone acts in an extraordinary way because of fear, excessive influence, or other reason. The pers ...

Mercantile Safe Burglary Insurance

Coverage in the event a safe of a business is forceably entered, either on or off the premises, and ...

Close Corporation Plan

Prior arrangement for surviving stockholders to purchase shares of a deceased stockholder according ...

Tax Free Exchange

Transfer of real estate from one taxpayer to another that are exempt from federal income taxes. An e ...

Evidence Of Insurability

Documentation of physical fitness by an applicant for insurance. Usually this takes the form of a me ...

Related Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

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

Mortgage Loan Types What is the Best Time of Year to Buy a Home? What is Earnest Money 10 Tips for Homebuyers How To Get A Loan with Bad Credit

FAQ

What are paid advertorials? What is a loan-to-value (LTD) ratio? What is a negative amortization? What are discount points? What is a VA loan?