Market Analysis
Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good evaluation will take into consideration economic, geographic and psychological factors of that market. Anyone can do a Market Analysis. All it takes is a good eye for good data and a good annalistic way of thinking to assert correlations to prices, costs, timing, demography, and competitiveness of a specific area. If you are able to get all of that, you’re in route for a great Market Analysis.
From agents to homeowners and home buyers; a real estate Market Analysis is an important tool for everyone involved in a sale of a house. But good real estate agents or brokers are constantly analyzing the current overall situation of the real estate market to stay on top of their games, predict trends, and, if possible, control them to capitalize on opportunities to make the best deals for their clients.
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Popular Real Estate Terms
Person or business that benefits from the work of another person or business. The recipient has not compensated the other party for this gain. In law, the one being enriched at the ...
Not attached to any parcel of land but merely a personal right to use the land of another. ...
External top of a structure such as for an office building or house. ...
Body o law relating directly to condominiums and cooperative developments. Most property law provides vertical ownership of property in the sense that property owners own mineral rights as ...
Any gain or loss from selling of capital assets. The gain or loss is the difference between the net selling price and cost basis. The two types of capital gains or losses for tax purposes ...
Projecting structure or part of a building. For example, a home was built with balconies jutting out from the sides of the building or a large rock formation constructed out into the ocean ...
Fan with an opening to the outside air that lets stale or hot air exit the structure; usually used in a kitchen when cooking or in a bathroom that does not have a window. It is used for ...
Implied assurance from a landlord to a prospective tenant that an apartment is safe and void of health problems. ...
Money set aside for a possible loss, such as from a fire. ...
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