What Are Comparables Or Comps?

When thinking of a city where you can raise a family in a safe environment with enough amenities to provide both the young and the elderly Alpharetta offers everything a family can need. ...

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

When considering a move to a new city, there are undoubtedly a number of questions you are bound to ask yourself before you make the final decision. If you have a family, you might ask ...

Clermont is a city situated in Lake County, Florida with a population of about 36,000 people and it is part of the Orlando-Kissimmee-Sanford Metropolitan area. Clermont Florida has a ...

The capital of the nation. The home of the three branches of government. With Virginia and Maryland framing its borders, the city of Washington D.C. is home to over 700,000 people. With a ...

Upper Marlboro is a town located in Prince George’s County, Maryland and it is also the county seat. It is an area that covers just 0.4 square miles of land with about 700 people, but ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property. ...

Mortgage market in which original loans are made by lenders. The market is made up with lenders who supply funds directly to borrowers and hold the mortgage until the debt is paid. Examples ...

Decline in real estate values occurring during economic hardships such as depression or recession. The late 1980s and early 1990s experienced a depressed real estate market. Many office ...

Evaluation of housing requirements based on family size, ages, occupations, marital status, and other population characteristics. ...

Covering studs on the outside. ...

Map that shows the location and boundaries of individual properties. ...

Loans that adhere to national guidelines by Fannie Mae, who buy the loans on the secondary market. Fannie Mae purchases mortgages to a certain dollar limit. Conforming loans typically ...

Obligation requiring payments of interest and principal at periodic dates, usually monthly. Interest equals the balance of the loan at the beginning of the period multiplied by the interest ...

Transfer of property from a seller to a buyer. ...