Revaluation


Definition of "Revaluation"

Reconsideration of the value of real property. An example is getting property appraised each year to determine its current value for tax or purposes of determining whether to sell it. revaluation clause



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Lock Period

The number of days for which any lock or float-down holds. The longer the period, the higher the pr ...

Facility Of Payment Clause

Element usually found in industrial life insurance policies under which the insurance company upon t ...

Point Of Diminishing Returns

Point at which additional units of a specific resource no longer cause the level of satisfaction tha ...

Transportation Insurance Rating Bureau (tirb)

One of two bureaus that writes forms and files standard rates for inland marine insurance. The other ...

Commitment

Insurance company's promise to insure particular risks. ...

Listing Broker

Licensed real estate broker who has a listing of property for sale. ...

Related Real Estate FAQ

What Is A Default?

A default is when a person fails to make payments on a loan. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

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

5 signs of house foundation problems What is the Best Time of Year to Buy a Home? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Mortgage Loan Types When to buy a house

FAQ

What is a point? What is a title search? What is a foreclosure? What are the Benefits of Liability Insurance? What is a buyer's agent?