Tag: appraisals

Real Estate Term of The Day: Recap of the “C” Terms

February 11, 2012

CAP CERTIFICATE OF OCCUPANCY CLEAR TITLE CLOSING CLOSING AGENT CLOSING COST CLOSING DATE CLOSING STATEMENT CLOUD ON THE TITLE CLUSTER HOUSING CODE OF ETHICS COMMISSION COMMITMENT LETTER COMMON AREAS COMMUNITY ASSOCIATION CO-MORTGAGOR COMPARABLE SALES COMPARATIVE MARKET ANALYSIS CONCESSIONS CONDITIONS CONDITIONAL OFFER CONDITIONS, COVENANTS & RESTRICTIONS CONDOMINIUM CONFORMING LOAN CONTRACT FOR PURCHASE CONVENTIONAL LOAN CONVEYANCE COUNTEROFFER … More Real Estate Term of The Day: Recap of the “C” Terms

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

January 25, 2012

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

Real Estate Term of The Day: Recap of the “A” Terms

January 15, 2012

ABSORPTION RATE ACCESSIBILITY ACRE ADJUSTABLE RATE MORTGAGE (ARM) ADJUSTMENTS IN APPRAISAL ADJUSTED SALES PRICE AGENCY AGENCY DISCLOSURE AGENT AMENDMENT AMENITIES AMERICAN LAND TITLE ASSOCIATION AMORTIZATION AMORTIZED LOAN AMORTIZATION SCHEDULE AMORTIZATION TERM ANNUAL PERCENTAGE RATE (APR) APPRAISAL APPRAISAL APPROACH APPRAISAL REPORT APPRAISED VALUE APPRECIATION ARCHITECTURE ARREARS ASBESTOS AS IS ASKING PRICE ASSESSED VALUE ASSESSMENT ASSESSOR ASSUMABLE … More Real Estate Term of The Day: Recap of the “A” Terms

Real Estate Term of the Day: Assessed Value, Assessment & Assessor

December 21, 2011

Real Estate Term of the Day: Assessed Value, Assessment & Assessor ASSESSED VALUE – the value established for property tax purposes (Barron’s Dictionary of Real Estate Terms) ASSESSMENT – the amount of tax or special payment due to a municipality or association (Barron’s Dictionary of Real Estate Terms) ASSESSOR – an official who determines property … More Real Estate Term of the Day: Assessed Value, Assessment & Assessor