Net amount received when property is sold. It equals the selling price less
outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures
include brokerage commission, bank fees, and advertisements.
Approach to valuing property based on its replacement cost. The cost of each major element of the property per square foot is added together and multiplied by the total space to estimate ...
Lack of supply of real property. When demand exceeds supply, price of the property goes up. For example, if there are only a few homes in a town that everyone desires to reside in, the ...
Trying to resolve a problem between two individuals up with some compromise or common ground. It occurs more often during times of poor economic conditions. An example is a creditor ...
Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...
Building's total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions. ...
The term actual notice is used most often in connection with property law, but the concept can also be applied in other law areas. To define actual notice, we can look at the two major ...
If you plan to stay forever in a certain place, buying is better than renting. Banks and mortgage brokers offer such a huge variety of loans that it is almost impossible not to find ...
The year 2021 came with several drastic changes in the real estate industry, and real estate agents need to improve their game daily. Whether these changes were brought about by the ...
What is a good credit score ?
In 2020, our credit score is an essential and integral part of our financial lives. Replacing outmoded concepts like a good reputation and an unbroken word of ...
With its strategic position in the center of one of the fastest-growing regions in the United States. Northwestern Arkansas is home to three of the largest retail companies in the country, ...
The master-planned city of Lakewood Ranch is located in the state of Florida and it is part of the North Park-Bradenton-Sarasota Metropolitan Statistical Area. Lakewood Ranch FL is ...
When moving to a new city, there are certain questions any responsible adult will ask before they take the leap and move their life to a new place. If you’re thinking of moving to ...
As one of the best-kept secrets in North Carolina, Hampstead manages to attract more and more residents and visitors every year. Its location between Wilmington and Jacksonville, both big ...
A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount of time. ...
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