Neighborhood
Definition of "Neighborhood"
Local geographic area with similar characteristics. It may be referred to by name (e.g., Brooklyn Heights, Palisades) and have designated boundaries. There are major streets such as for a shopping or restaurant district. Real estate property values partly depend on how good or bad the neighborhood is.
Popular Real Estate Terms
(1) Right to engage in and earn from a particular activity in return for services or for a particular use. (2) Reduced price used as an incentive. (3) Permission or right, granted by a ...
Licensed real estate broker who has a listing of property for sale. ...
The government under emminent domain takes Way to determine how much to pay an owner whose property before-and-after method. ...
Place where real estate is situated. The geographic location of property affects its value. For example, real estate in a good neighborhood is worth more. ...
Something offering protection against the wind such as trees and fences. ...
A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...
Brick wall where a space or cavity is left between the inner and outer walls and is usually filled with insulation. ...
Also called a title defect. Any claim, lien, or encumbrance which, if valid, may impair the owners title to the property. This cloud does not hinder transfer of ownership on the property, ...
Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years. ...
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