Definitions Of Key Real Estate Terms S This article provides the definitions of key estate terms beginning with the letter S. 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 of the anchor tenant to attract customers. Satisfaction of Mortgage is the document acknowledging the full repayment of a mortgage debt. Secondary Mortgage … Continue reading...

Definitions Of Key Real Estate Terms M This article provides the definitions of key estate terms beginning with the letter M. 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 goods and services are can be bought and sold and where prices are determined. Marketable Title is a title that is good or clear and is reasonably free from risk … Continue reading...

Definitions Of Key Real Estate Terms L This article provides the definitions of key estate terms beginning with the letter L. 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 space including things permanently by nature such as trees and water. Latent Defect is a hidden structural defect that could be discovered by ordinary inspection and threaten the property's soundless or … Continue reading...

Definitions Of Key Real Estate Terms J This article provides the definitions of key estate terms beginning with the letter J. 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 decedent's interest passes to the surviving joint tenant. Joint Venture is the joining of two or more people to conduct a specific business enterprise. Judgment is the formal decsion of a … Continue reading...

Definitions Of Key Real Estate Terms Y This article provides the definitions of key estate terms beginning with the letter Y. 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 full at the end of its maturity Yield Spread is the difference in yields between a mortgage and a benchmark value such as US Treasuries with the same maturity. Myers & Myers Real Estate We have some of … Continue reading...

Definitions Of Key Real Estate Terms X This article provides the definitions of key estate terms beginning with the letter X. 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 We have some of the best in the business. Whether you're looking to buy house or sell a house, our real estate agents have the knowledge & expertise to get the job … Continue reading...

Definitions Of Key Real Estate Terms V This article provides the definitions of key estate terms beginning with the letter V. 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 one party in return for the performance of another, usually as an inducement for a contract. Variable Interest Rate is an interest rate in which the lender is allowed … Continue reading...