Definition of "Walkaway risk"

Darlene King-Jennings real estate agent

Written by

Darlene King-Jenningselite badge icon

King Realty Inc

Risk involved when a potential buyer or seller of property decides not to buy or sell. For example, if a seller does not sell at the offered price, he runs the risk of not being able to sell the property to another or if later sold, it will be at a much lower price.

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

Taken out on property to replace or repair it if it malfunctions. It covers parts and/or service. An example is a warranty a homeowner takes out on a stove, refrigerator, or dishwasher. It ...

Foreign-born individual not qualifying as a citizen of the country in which he or she resides. ...

To enter illegally. For example, entering property without permission. ...

Operating property for business use, such as managing an office complex. ...

Date of the valuation of property, usually contained in a report. ...

Insurance contract providing coverage for risks primarily associated with negligence and acts of omission associated with third-party injuries or property losses. Property and casualty ...

Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina church, the corporation sole is headed ...

The legal requirement of a debtor, obligor, to pay a debt and the legal right of a creditor, obligee, to demand satisfaction of a debt or enforce payment in the event of default. ...

Rezoning of land from a higher density use to a lower density use. ...

Popular Real Estate Questions