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Popular Real Estate Glossary Terms
Geographic area that has been designated by local government to have historical importance. The municipality provides various incentives including tax breaks to rehabilitate and preserve ...
The Debt-to-Income Ratio’s (DTI) definition is a measure that allows one to compare the ability an individual has to afford a monthly debt payment out of their monthly gross income. ...
Price an investor is willing to pay for a financial asset. ...
Method of valuing a property through examination and comparison of recent sales of comparable properties. ...
Prevalent type of property taxes assessed on real estate. It is usually collected by the local government and distributed among agencies to finance services. ...