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Appraisal
Appraisal An expert judgment or estimate of the quality or value of real estate as of a given date.
RELATED TERMS--------------------------------------
Judgment
A formal decision issued by a court relating to the specific claims and rights of the parties to an act or suit.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
Appraisal and credit report fees
These fees are generally collected by the lender and paid to outside companies performing the services.
Appraisal fee
What someone charges to deliver a professional opinion about how much a property is worth.
Appraisal report
Estimate of real estate value, presumably by an expert. R
Appraised value
An expert option of the value of a property at a given time, based on facts regarding the location, improvements, etc., of the property and surroundings.
Appraiser
A qualified individual who uses his or her experience and knowledge to prepare the appraisal estimate.
Appreciation
The increase in the value of a property due to changes in market conditions, inflation, or other causes.
Appreciation return
The portion of the total return generated by the change in the value of the real estate assets during the current quarter, as measured by both appraisals and sales of assets.
Appropriation
Appropriation is the way a taxing body authorizes the expenditure of funds and provides for the sources of funding.
Appropriative water rights
A water right favored in some states where an owner has the exclusive rights to take all the water for specific beneficial uses.
PREVIOUS AND NEXT TERMS--------------------------------------
Antitrust laws
State and federal laws designed to maintain and preserve business competition.
Apartment building
A building having separate units for permanent tenants who rent or lease them.
Application
The form used to apply for a mortgage loan, containing information about a borrower’s income, savings, assets, debts, and more.
Application deadline
The date by which the buyer must formally apply for a mortgage in order to validate the mortgage contingency.
Application fee
What the lender charges to process the document in which a prospective borrower details his or her financial situation to qualify for a loan.
Appraisal
Appraisal and credit report fees
These fees are generally collected by the lender and paid to outside companies performing the services.
Appraisal fee
What someone charges to deliver a professional opinion about how much a property is worth.
Appraisal report
Estimate of real estate value, presumably by an expert. R
Appraised value
An expert option of the value of a property at a given time, based on facts regarding the location, improvements, etc., of the property and surroundings.
Appraiser
A qualified individual who uses his or her experience and knowledge to prepare the appraisal estimate.
This dictionary contains 6433 terms. |
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