Definition of "Median"
The midpoint in a range of numbers. For example, the median (middle value) of a house in Nassau County on Long island in New York is $150,000. By using median values, a prospective buyer or seller of a home may have a better idea as to whether the price being asked in the neighborhood is reasonable.
Popular Real Estate Terms
The float has several meanings in the financial world and the real estate terminology. Typically, the float refers to the number of funds, represented by checks, that an institution or an ...
Architectural plan which may include blue prints of a property project. Designs must meet technological and zoning requirements. ...
One based on the whole body of the law. A lawful right is being exercised. ...
Refurbishing or rebuilding a property, such as a house, back to its original or earlier condition. ...
Person receiving la legacy from a will. Normally a legatee will receive personal property possibly including real property. ...
Suppose you wish to become a legit professional in a specific domain. In that case, you have to get a license, an official permit, or a document. A license acknowledges your studies and ...
The definition of the term right of way is an easement or the right of another person to pass over land owned by someone else to reach a particular destination. An individual is typically ...
One-story house with a low pitched roof often having an open floor plan. ...
Temporary financing meeting a developer's financial difference between a construction loan and a permanent mortgage. ...
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