Market Analysis
Definition of "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
Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...
Deed used to convey property back to the original property owner. Normally a reconveyance deed is issued upon the satisfaction of a property's mortgage. ...
Land parcel bounded by two intersecting roadways. ...
Insurance or maintenance policy taken out by a buyer of real or personal property. ...
Penalty charge in order to cure a previous wrong. ...
Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures include ...
Legally executed and witnessed document giving another the power to act as one's attorney or agent in handling real estate dealings. The power may be general or specific. The power of ...
Individual engaged in selling a product or service. The product may be an investment in real estate. In some instances, state law may require licensing to safeguard the public by requiring ...
Fibrous, fire-proofing material that was used in buildings and homes for insulation. ...
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