Definition of "Reuse appraisal"

Gabriella D

Written by

Gabriella D'alessioelite badge icon

RE/MAX Signature Homes

Appraisal performed in accordance with the National Housing Act to determine the resale value of vacant or improved property in an urban area to be or under development. The renewal project may have certain restrictions and specifications placed upon it such as square footage, use of land, and density.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...

Condensed appraisal report covering the major items. ...

Time period for which one expects to keep property such as a real estate investment. ...

Individual who enjoy a freehold land right. ...

Provision in an agreement in which its renewal is a matter of course at the end of its initial term. ...

Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...

Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...

Impeding and restricting people in various activities based on their race, ethnic reasons, or religion now goes against US laws in effect. In the past, especially in the 1960s, ...

Basis for the valuation of property acquired from a decedent for tax purposes. The unified transfer tax in 1976 provides for the valuation of property to be the adjusted basis immediately ...

Popular Real Estate Questions