Definition of "Immobility"

Roger  Richmond real estate agent

Written by

Roger Richmondelite badge icon

Keller Williams Real Estate- Island Life

  1. Unable to move a structure so it must stay where it is. Except for mobile homes, property is fixed at a particular site.
  2. Inability of a person to move because he or she is attached in some way to the general locality. For example, a homeowner in New York City may be tied to his or her job and therefore cannot move to another state because of the lack of job opportunities.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A caveat vendor is a legal principle where the seller is legally responsible for warranting the quality and suitability to task of the item purchased. ...

In general terms, the upside potential signifies the potential of a present investment, be it an asset or property, to bring a profit for the investor in the future. This measure enables ...

Temporary financing meeting a developer's financial difference between a construction loan and a permanent mortgage. ...

Defendants legal objection to the prima facie sufficiency of a judicial pleading. It is a motion to dismiss an action on the ground there is no apparent equity violation, the court has no ...

The real estate world features many tricky terms and concepts. One that often sneaks up on even the most experienced buyers and sellers is the "red herring." What is the meaning of red ...

A forced sale or forced liquidation typically means an involuntary sale of valuables or property for financial reasons. If an unpredictable or uncontrollable event emerges, a seller must ...

Building recognized because of its history, such as the Booth theater in Washington, Dc. The demolition of historical buildings is not permitted. Historical building modifications are ...

Planned development having different types of homes, retail stores, recreational property (e.g., swimming pool), and employment. The planned community is typically near a metropolitan ...

A situation where a real estate company spends more money than it receives within a stated period of time. This is an unfavorable situation that may result in financial difficulties. A ...

Popular Real Estate Questions