Reservation
Definition of "Reservation"
- Not sure about something such as suspecting the truthfulness of statements made by a real estate agent.
- Stipulation in a deed giving the grantor some retained privilege or right in the property.
- Appointment such as meeting a real estate broker at a specific location and time to see houses for sale.
Popular Real Estate Terms
Two or more parties agree to something. An example is when the two parties to a contract mutually agree to make certain revisions to it. ...
A mortgage loan is nothing more than a real estate debt instrument. Acquiring a mortgage loan is the most common method of financing a home in America. The benefits are tremendous and ...
One-time charge assessed by a bank or other financial institution at the closing of buying real property. The fee increases the effective cost to the borrower. One discount point translates ...
Term given to two depreciation systems defined by the Internal Revenue Service: The main system is called the General Depreciation System (GDS). Under GDS, most property is assigned to ...
Early American architectural housing style stressing a gambrel roof and overhanging eaves. ...
Capitalization rate used to convert the expected income derived from a property into its estimated asset value. The estimated asset value may be computed by dividing the annual income ...
Designing a home with a Spanish cultural flavor. ...
Mortgage for an extended time period (e.g., 25 years) Type of real estate investment trust (REIT) that gives long-term mortgages to real estate developers and contractors on new or ...
A situation where a real estate company spends more money than it receives within a stated period of time. This is an unfavorable situation that may result in financial difficulties. A ...
Have a question or comment?
We're here to help.