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Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Headway is the distance or duration between vehicles in a transit system. The minimum headway is the shortest such distance or time achievable by a system without a reduction in the speed of vehicles. The precise definition varies depending on the application, but it is most commonly measured as the distance from the tip (front end) of one ...
Days on market (DOM, alternatively active days on market, market time, or time on market) is a measurement of the age of a real estate listing. The statistic is defined as the total number of days the listing is on the active market before either an offer is accepted or the agreement between real estate broker and seller ends.
The four unities is a concept in the common law of real property that describes conditions that must exist in order to create certain kinds of property interests. . Specifically, these four unities must be met for two or more people to own property as joint tenants with legal right of survivorship, or for a married couple to own property as tenants by
“Real estate takes credit, capital, time, effort, expertise and grit to be profitable.” More From GOBankingRates 4 Subtly Genius Moves All Wealthy People Make With Their Money
Jessica Poulos is the Designated Broker and co-owner of Better Homes & Gardens Real Estate Northwest Home Team, with three offices in northwest Washington. She has more than 20 years of experience ...
The Appraisal Institute of Canada defines the term highest and best use as: The reasonably probable and legal use of property, that is physically possible, appropriately supported, and financially feasible, and that results in the highest value.
Don't know where to start as a real estate first-timer? Read this article on practical ways to double your portfolio within 5 years, with expert insights.