Tag: homeownership

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

Real Estate Term of the Day: Asbestos

December 18, 2011

Real Estate Term of the Day: Asbestos ASBESTOS – insulation material frequently used in older buildings as pipe wrap, boiler insulation, floor tile, and ceiling coating (called Asbestos-Containing Material or ACM).  Asbestos may become brittle with age.  In that condition, it may crumble and release particles which, like dust, become airborne.  Breathing asbestos particles may … More Real Estate Term of the Day: Asbestos

Real Estate Term of the Day: Appreciation

December 15, 2011

Real Estate Term of the Day: Appreciation APPRECIATION – an increase in the value of property. Causes for appreciation for real estate may included inflation, demand pressures for land and buildings, physical addition, modernization, removal of a negative factor from within or outside the property, time, and sweat equity (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Appreciation