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Market-data approach
Market-data approach Estimating a property's value based on a comparison of the property with similar properties in the same locale that have sold recently. Also known as the direct sales comparison approach.
RELATED TERMS--------------------------------------
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.
SIMILAR TERMS--------------------------------------
Mark to market
The process of increasing or decreasing the original investment cost or value of a property asset or portfolio to a level estimated to be the current market value
Market
A place where goods can be bought and sold and a price established.
Market analysis
An analysis performed to determine the current value of a property based on recently sold comparable properties, comparable properties that are currently for sale and the current overall market conditions.
Market approach
A method of pricing single-family rental homes and condos using comparable market data. When pricing multiple unit rental properties, the income approach is probably better.
Market capitalization
One measure of the value of a company; it is calculated by multiplying the current share price by the current number of shares outstanding.
Market conditions
Factors that affect the sales of homes in an area, such as interest rates, the unemployment rate, home appreciation, weather and time of year.
Market price
The actual selling or leasing price of a property.
Market rental rates
The rental income that a property most likely would command in the open market, indicated by the current rents asked and paid for comparable space.
Market study
A forecast of future demand for a certain type of real estate project that includes an estimate of the square footage that can be absorbed and the rents that can be charged.
Market value
The expected price that a property should bring if exposed for lease in the open market for a reasonable period of time and with market savvy landlords and tenants.
Marketable title
A title that is free and clear of objectionable liens, clouds, or other title defects.
Marketing
The management process through which efforts to conceive, develop and deliver goods and services are integrated to satisfy the needs and wants of selected customers as a means of achieving company objectives.
Markham property
Property in Markham, Canada. Apartments, flats, houses, offices and other property in Markham.
PREVIOUS AND NEXT TERMS--------------------------------------
Market price
The actual selling or leasing price of a property.
Market rental rates
The rental income that a property most likely would command in the open market, indicated by the current rents asked and paid for comparable space.
Market study
A forecast of future demand for a certain type of real estate project that includes an estimate of the square footage that can be absorbed and the rents that can be charged.
Market value
The expected price that a property should bring if exposed for lease in the open market for a reasonable period of time and with market savvy landlords and tenants.
Marketable title
A title that is free and clear of objectionable liens, clouds, or other title defects.
Market-data approach
Marketing
The management process through which efforts to conceive, develop and deliver goods and services are integrated to satisfy the needs and wants of selected customers as a means of achieving company objectives.
Masonry
Any construction material involving bricks-blocks and mortar or related materials.
Master deed
The principal conveyance document used by the owners of land on which condominiums are located.
Master lease
A primary lease that controls subsequent leases and may cover more property than subsequent leases
Master plan
A comprehensive plan to guide the long-term physical development of a particular area.
This dictionary contains 6433 terms. |
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