Also called functional depreciation. Loss of value that results from improvements that are inadequate, outdated, overly adequate, or improperly designed for today's needs. May be curable or incurable.
Way to determine the capitalization rate of income property for valuation purposes by weighting the rate of interest and source of financing in percentage terms. ...
To understand what an abatement notice is, one needs to understand the concept of nuisance abatement. Abatement notice is the notice given to the owner (or occupier) of a property as ...
A void property is a real estate property that is immediately available for new owners or renters as it is vacated. Void real estate properties can be occupied at a short notice as no ...
Also called investment property. Real property held by a business for investment potential or in order to earn income by leasing or letting it, rather than for its own use. ...
Provision in the Internal Revenue Code applicable to the sale of an individual's house. The gain or loss is deferred by adjusting the cost basis of a new house bought within two years of ...
Relating to trees or shrubs normally found in temperate climates. Deciduous trees shed their leaves in the fall. Deciduous woods such as pine, oak, Maple, redwood, and spruce are widely ...
When you’re moving to a new city, there are a lot of things you’ll no doubt want to know before you commit to making the new city your home. You’ll no doubt be curious ...
There are a lot of important factors to consider when choosing a possible new home. Things like the cost of living, availability of jobs and available amenities all play a major role in ...
Fort Mill is a town located in the state of South Carolina as a suburb of the city of Charlotte. Right around the border of South to North Carolina, this city is also known as Fort Mill ...
Foreclosures are often financially devastating for those that fall victim to them. Far from the least of the problems that foreclosure will inevitably lead to is the negative impact on the ...
The master-planned city of Lakewood Ranch is located in the state of Florida and it is part of the North Park-Bradenton-Sarasota Metropolitan Statistical Area. Lakewood Ranch FL is ...
If you’ve been in the real estate game for any amount of time, you’ve probably heard one particular saying: you’re not selling real estate, you’re selling you. This ...
Austin, Texas, can be an excellent place if you wish to provide a nationally acclaimed education for your children. You can choose public, private, and charter schools in the city. At the ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to the borrowers gross, pretax monthly ...
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