Development, Neighborhood, Stage
Point at which a housing development becomes a neighborhood. After an initial housing development is sold and the new owners become established, the neighborhood stage begins. The construction of a housing development assures similar age and architectural design structures. In an economic sense, a neighborhood is distinguished by similar property values typifying a normal housing development. Neighborhoods usually have place names often identified with the original subdivision and have boundaries associated with streets.
Popular Real Estate Terms
Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...
Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...
(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...
An official indicating intensity of land use in a zoned urban area. ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
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Barrel, reservoir, or tank for storing rain runoff. ...
Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...
Will not meeting all the requirements of a valid will. ...
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