Definition of "Priority"

Michael Digennaro real estate agent
Michael Digennaro, Real Estate Agent We Say Sold

  1. Preference.
  2. Precedence.
  3. Something given prior attention.
  4. Something having a higher level of importance or ranking. Example of when priority apply are a prospective tenant for an apartment is the first to be called, a secured creditor coming before an unsecured creditor in bankruptcy, and a first lien on property.
 

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Comments for Priority


Andy Cline Andy Cline said:

what is the term used for first introducing a property to a buyer or tenant

Feb 22, 2021  09:01:17

 
Real Estate Agent

Hey Andy! I think you are referring to a showing. A home buyer is typically introduced to a property by a buyer’s agent through a showing. An open house is also one way a buyer can be introduced to a property, but the last one is a public house tour rather than a private tour.

Feb 26, 2021  09:09:20
 
 

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