|
| | |
Balance
Balance The appraisal principle that states that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
RELATED TERMS--------------------------------------
Appraisal
An expert judgment or estimate of the quality or value of real estate as of a given date.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
SIMILAR TERMS--------------------------------------
Balakovo property
Property in Balakovo, Russia. Apartments, flats, houses, offices and other property in Balakovo.
Balance sheet
A report of financial condition, including assets, liabilities and net worth.
Balanced trust
A "combination trust" is referred to as a "balanced trust" in California.
Balashikha property
Property in Balashikha, Russia. Apartments, flats, houses, offices and other property in Balashikha.
PREVIOUS AND NEXT TERMS--------------------------------------
Backlighting
Illumination coming from a source behind or at the side of an object.
Back-to-back escrow
A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
Bail bond lien
A real estate owner who is charged with a crime for which he or she must face trial, and may post bail in the form of real estate rather than cash.
Balance
Balance sheet
A report of financial condition, including assets, liabilities and net worth.
Balanced trust
A "combination trust" is referred to as a "balanced trust" in California.
Balcony
A part of the building usually enclosed by a railing or balustrade that projects from either an inside or outside wall of a building.
Balloon loan
Mortgage in which the remaining principal balance becomes fully due and payable at a predetermined time.
Balloon mortgage
A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.
This dictionary contains 6433 terms. |
|
|
