Albuquerque Real Estate Key Terms Sales Comparison Approach is one of three approaches used by appraisers to value real estate. This approach is the process of estimating the value of a property by examining and comparing actual sales of comparable properties. Satellite Tenant is a smaller shipping center tenant that is dependent upon the ability […]
Albuquerque NM Key Real Estate Terms M
Albuquerque Real Estate Key Terms Management Agreement is a contract between a property manager and an owner of rental property that identifies the scope of the property manager’s responsibility. Manufactured Housing is dwellings that are manufactured off site and moved in by truck and assembled or installed on the lot. Market is a place where […]
Albuquerque NM Key Real Estate Terms L
Albuquerque NM Key Real Estate Terms Laches is an equitable doctrine used by courts to bar a legal claim or prevent the assertion of a right because of undue delay or failure to assert the claim or right. Land is the earth’s surface, extending downward t the center of the earth and upward infinitely into […]
Albuquerque NM Key Real Estate Terms J
Albuquerque NM Real Estate Key Terms Joint and Several Liability is when each of the individual owners is personally responsible for the total damages. Joint Tenancy is the ownership of real estate between two or more parties who have been named in one conveyance as joint tenants. Upon the death of a joint tenant, the […]
Albuquerque NM Key Real Estate Terms Y
Albuquerque NM Key Real Estate Terms Yield is the return on an investment or the amount of profit stated as a percentage of the amount invested. Yield to Maturity is a method of financing repayment in which a borrower pays a certain percentage of actual funds borrowed each year and pays the loan off in […]
Albuquerque NM Key Real Estate Terms X
Albuquerque NM Real Estate Terms X-Bracing is cross bracing in a partition. Xeriscape is a type of landscaping used quite extensively in New Mexico that conserves waters and is based on sound horticultural practices. Xylotomous is the capacity of an organism to bore into wood, a characteristic of termites. Myers & Myers Real Estate is […]
Albuquerque NM Key Real Estate Terms V
Albuquerque NM Real Estate Key Terms Vacancy Factor is the percentage of time a rental facility is vacant. Vacate is to give up occupancy or surrender possession Valid is legally sufficient or effective. Valuable Consideration is the granting of some beneficial right, interest, or profit, or the suffering of some legal detriment or default by […]
Albuquerque Home Buyers Strategies 505 401-7500
Five Powerful Albuquerque Home Buyers Strategies Albuquerque home buyers should use these powerful strategies if you are buying a home in the Albuquerque, Rio Rancho, Corrales, or the surrounding area. Get Pre-Approved instead of Pre-Qualified Get pre-approved for a mortgage is a great strategy for Albuquerque home buyers to make sure you strengthen your negotiating position early in […]
Albuquerque Foreclosures Special Report
February 10, 2011 Albuquerque foreclosures expected to increase rapidly according to an article this morning by Les Christie a staff writer for CNN Money. The report stated the Albuquerque foreclosures rate in Albuquerque is one in 46 homes and represented a 60.32% increase in 2010. Albuquerque foreclosures is ranked the 67th highest rate among the 206 areas […]
Albuquerque Housing Market Statistics April 2011
Albuquerque Housing Market Statistics, April 2011 Albuquerque and Rio Rancho Real Estate Market Overview This report is a summary of the monthly market statistics for the Albuquerque Metro real estate market. April market data compared on a year over year basis brings all bad news for the Albuquerque market and most of the news is bad for […]
