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

Restoration Premium

Sum that an insurance company charges a business firm to restore a property or liability insurance p ...

Loss Development

Difference in the amount of losses between the beginning and end of a time period. ...

Deflation

General decrease in prices. It is the opposite of inflation and different from disinflation, which ...

Armored Car And Messenger Insurance

Coverage during the transfer of securities and monies, precious metals, and other specified types of ...

Time Limit

part of the Model Uniform Life and Health Insurance Policy Provisions Law giving an insurer a time ...

Floor Joists

Beams providing structural floor support. Flooring is directly attached to the floor joists. See als ...

Related Real Estate FAQ

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

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

What is Hazard Insurance? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Why Use a Real Estate Agent? Home Prices - The Extra Costs Foreclosure - The Pros and Cons of Buying

FAQ

What are prepayment penalties? What is a balloon mortgage? What are jumbo mortgages? Do I need flood Insurance? What is a qualifying ratio?