Refurbishing or rebuilding a property, such as a house, back to its original or earlier condition.
Popular Real Estate Terms
Business that transforms an underdeveloped tract of land into plots ready for construction. ...
Legal mechanism available for a person who is over his head financially and is unable to meet his financial obligations. ...
Way of selling real estate in which a syndicator sells equity interests to investors. Examples include a real estate investment trust, limited partnership, and corporation. For example, a ...
Insurance coverage to pay the balance of the mortgage if the wage earner dies. ...
When you sign a Listing Agreement with a real estate broker or agent, he or she has a fiduciary responsibility to represent your interests exclusively. However, should another client ...
(1) Bottom of something used as support. (2) Most essential element. (3) Type of interest rate used when computing compound interest equal to: (1 + I). (4) Justification of an argument or ...
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes. ...
One who purchases an option. For example, John pays Brian $10,000 for an option to purchase property at $100,000 within six months. ...
Immediate convertibility of assets into cash without loss. Many types of real property are illiquid. ...
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