Functional Obsolescence

Regional area from which a particular product or service can expect its greatest demand. For example, a retail department store expects to attract shoppers from a market area having a ...

Statement made by a person that is not in writing. An example is an oral representation made by a real estate broker to a prospective buyer of property. ...

Number of housing units of a particular category that are available. ...

An income feature added to a mortgage whereby the mortgagee earns income in addition to the mortgage interest and principal payments. Also called an equity kicker, a kicker allows the ...

An obligation of the owner of property that is recorded with his permission such as a mortgage. Encumbrance on property without being objected to by the owner. ...

Urbanized area in and around a major city. The metropolitan area may overlap county and state boundaries and may encompass a city, its suburbs, and the orbit of its social and economic ...

A column designed to support a concentrated load. A pier column is made out of steel, steel reinforced concrete or wood. A structure extending out into the water supported by numerous ...

Day the attachment of property under a judicial order becomes effective. ...

The city of Clermont is just west of Orlando, Florida, which is probably one of the biggest entertainment grounds in the world. But, we are not here to talk about Orlando. We want to ...

If you’re looking for a home for you and your family and you’re thinking of investing in a gated community, let’s first understand what a gated community is. A gated ...

From many different perspectives, the city of Alpharetta, GA is considered, all around, a great place to live. You can find countless lists where the city ranks among the best places to ...

Within the Chesapeake Bay in Maryland lies the charming city of Annapolis, MD in Anne Arundel County. It is one of the most desirable places to live in and people argue that it is one of ...

Having trouble deciding whether to spend your vacation in Pigeon Forge or Gatlinburg? Don’t worry, we’re here to help! Both are attractive vacation destinations, so we ...

The city of Pensacola FL is well known for the Pensacola Naval Air Station that is located nearby; but did you know that it’s also a great place to live? That’s right! Living in ...

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So, you’re thinking of moving for the first time to a condominium or an apartment. Well, there are some expenses that you might not have dealt with before. Cost of living and utility ...