Land Cost


Definition of "Land cost"

The total cost of purchasing a land parcel. Land cost includes the purchase price, closing costs, commissions, and finance charges.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Defendant Bond

Type of court bond filed on behalf of the defendant and used to release assets to him or her that ha ...

Present Value Of Annuity Due

Present value of a series of payments such that the first payment is due immediately, the second pay ...

Hobbies Or Avocations

Activities of interest in underwriting an application for life insurance to determine the rate class ...

Beam

Primary horizontal support for a structure such as a house. It may be a large piece of wood, stone, ...

Balloon Payment

Last installment payment, substantially greater than the previous installment payments. The unpaid b ...

Age Setback

Subtraction of a number of years from a standard table of life insurance rates under the assumption ...

Related Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

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

What is Earnest Money 10 Tips for Homebuyers Short Sale Homes Home Prices - The Extra Costs How Does The Home Loan Underwriting Process Work?

FAQ

What is an inspection? What are my coverage options? What if the computer I want to insure is homemade or custom-built? What do I need to know about Homeowners Insurance? What do I need to know about Watercraft Insurance?