Quotation


Definition of "Quotation"

Highest bid to buy and the lowest offer to sell a parcel of real estate in a particular market at a specified time.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Annual Percentage Yield (APY)

See effective interest rate. ...

Heirs

Individuals who are legally entitled to inherit money and property when someone dies. ...

Tax Deferral

Postponement of taxes on investment or other earnings until the investor begins to consume them and ...

Combed Plywood

Plywood whose surface is given parallel scratches or grooves in the manufacturing process. It provid ...

Disclaimer

Statement issued by the insurance company denying a claim under the insurance policy on the grounds ...

Effective Rate Of Return

Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assu ...

Related Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Rent or Buy - the pros and cons Should you Buy a Home with Cash? 3 tips to ensure your sale goes through Real Estate Open House - The Dos and Don

FAQ

Do I need Life Insurance? What is zoning? What are basis points? What is commission? What do I need to know about Watercraft Insurance?