Permit

Rule of thumb approach used to determine how long it takes to double an investment in real estate. Under this approach, dividing the number 72 by the fixed rate of return equals the ...

Geographic location external to populated cities. It usually has a low population and may be a small town with farms. ...

Property to be used by a retail business in the sale of merchandise or rendering of services. An example of retail property is a store. ...

Cost of the standard unit of area that is used to measure a parcel of real estate. Commercial property rentals are generally quoted on the basis of square foot cists. For example, a ...

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years. ...

Personal income minus personal income tax payments and other government deductions. It is the personal income available for people to spend or save; also called take-home pay. It may be a ...

Tax levied on real property. It is based on the land use categorization nature of improvements, fair market value, and the millage rate. Property taxes may be assessed by states, cities, ...

Same as term time sharing: Segregation of ownership in real estate property over a stated time period. An example is a co-owned vacation apartment, used by co-owners for one month each. ...

Bentonville Arkansas is a sunny little town in northwestern Arkansas. Nestled in the center of Benton county, Bentonville is in one of the fastest-growing areas in the United States. Why is ...

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commissions are already set in the listing ...

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors of the home. ...

From the beginning, basements were not built to provide living space but a place to hide plumbing, wires and water boilers. Home buyers are always interested in the gross living area of a ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small fortune. Most loans these days do not ...

The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer… Like ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...