google bot detected Situs | Real Estate Glossary | Realestateagent.com

Situs


Definition of "Situs"

Geographic location of land based on its economic significance. Property values are directly impacted by economic factors in the particular locality. For example, a fashionable boutique or Lexus dealership might do well in a wealthy neighborhood but not in a poor one.



Related Real Estate Glossary terms

Related Real Estate FAQ