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

Worth of property based on the relevant economic factors (e.g., state of the economy, unemployment rate). ...

(1) Method of measurement lumber using the board foot cubic measure. The board measure is used to estimate quantities and prices of lumber materials. (2) Method of estimating lumber ...

Legal action between a plaintiff and defendant. ...

English style of architecture characterized by carving and paneling and flattened arches. ...

In between, intermediate, intervening; passing an interest from a principal to a second party and then to a third party. ...

Levied on those benefiting from the installation of a sewer. ...

A mortgage on which the interest rate is constant, but the payments are structured to increase, so the loan is paid off much earlier. ...

An agreement, debt, or low which can be operationalized, fulfilled, completed, or performed. ...

A lease contract to possess a parcel or property for a certain period of time. A leased fee estate is a conditional estate conveyance in real property for a specified period of time. The ...

Popular Real Estate Questions