Tag: real estate term of the day

Real Estate Term of the Day: Adjustments In Appraisal & Adjusted Sales Price

December 3, 2011

Real Estate Term of the Day: Adjustments In Appraisal, Adjusted Sales Price ADJUSTMENTS IN APPRAISAL – dollar value or percentage amounts that, when added to or subtracted from the sales price of a comparable, provide an indication of the value of a subject property.  Adjustments are necessary to compensate for variation in the features of … More Real Estate Term of the Day: Adjustments In Appraisal & Adjusted Sales Price

Real Estate Term of the Day: Adjustable Rate Mortgage (ARM)

December 2, 2011

Real Estate Term of the Day: Adjustable Rate Mortgage (ARM) ADJUSTABLE RATE MORTGAGE (aka: ARM) – a type of mortgage loan that allows the interest rate to be changed at specific intervals over the maturity of the loan (Barron’s Dictionary of Real Estate Terms) Contrast to: FIXED-RATE MORTGAGE When financing a new home, it is key … More Real Estate Term of the Day: Adjustable Rate Mortgage (ARM)

Real Estate Term of the Day: Accessibility

November 30, 2011

Real Estate Term of the Day: Accessibility ACCESSIBILITY – the ease and convenience with which a property can be entered by customers (Barron’s Dictionary of Real Estate Terms) It is very important that when you put your home on the market it is accessible to prospective clients.  I view accessibility in two different ways: Accessibility … More Real Estate Term of the Day: Accessibility