Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales

Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales COMPARATIVE MARKET ANALYSIS (aka: Competitive Market Analysis or CMA) – an estimate of the value of property using only a few indicators taken from sales of comparable properties, such as price per square foot.  These value estimates are not appraisals and do not meet … More Real Estate Term of the Day: Comparative Market Analysis & Comparable Sales

2012 Metro Denver Economic Forecast

I recently attended a Metro Denver 2012 Economic Forecast presentation titled “Remodeling the Economy” put on by Patricia Silverstein.  Patricia serves as the consulting chief economist for the Metro Denver Economic Development Corp. and the Denver Metro Chamber of Commerce.  In these roles, she compiles, interprets, and forecasts economic and demographic data for the Denver … More 2012 Metro Denver Economic Forecast

Real Estate Term of the Day: Co-Mortgagor

Real Estate Term of the Day: Co-Mortgagor CO-MORTGAGOR (aka: co-borrower or co-signer) – one who signs a mortgage contract with another party or parties and is thereby jointly obligated to repay the loan.  Generally a co-mortgagor provides some assistance in meeting the requirements of the loan and receives a share of ownership in the encumbered … More Real Estate Term of the Day: Co-Mortgagor

Real Estate Term of the Day: Community Association

Real Estate Term of the Day: Community Association COMMUNITY ASSOCIATION – general name for any organization of property owners to oversee some common interest.  In a condominium or planned unit development (aka: PUD), the association has the responsibility of managing the common elements (see COMMON AREAS) in the project.  A homeowner’s association may be established … More Real Estate Term of the Day: Community Association