Secondary Location


Definition of "Secondary location"

Mark Palacio real estate agent
Mark Palacio Revelation Real Estate

Real property situated in a less advantageous area. Example are a supermarket located in a crime area, or one that is difficult to see because it is off the main street, or one that has inadequate parking space.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Choose In Action

Claim or debt that may be recovered by instituting a lawsuit. ...

First Mortgage

Initial or senior mortgage on property. It comes before all subsequent mortgages, and the mortgage has precedence in payment if default occurs. ...

Interior Trim

Interior building trim surrounding windows, doors, and baseboards. Interior trim is both decorative and functional. It comes in several different styl ...

Real Estate Syndicate

Group of investors pooling their money to purchase real estate. ...

Unsecured Note

Credit note which a lender's only security is the borrower's personal financial situation and credit history. ...

Butterfly Roof

Inverted gable roof design where the two side slope upward from the center to the eaves with a valley in the middle. The roof resembles the wings of a ...

Popular Real Estate FAQ

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

Besides Making My Monthly Mortgage Payment, How Can I Build Equity Into My House?

When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it\'s a great investme ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damages such as fire damage, water damage not caused by ...

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

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What do I need to know about Indemnity Insurance? What is the Tax Benefits of Buying a Home? What are comparables or comps? What is a mortgage? What is a subprime mortgage?