Appraisal
A document that gives an estimate of a property's fair market value; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.
Showing posts with label Real Estate Word of the Day. Show all posts
Showing posts with label Real Estate Word of the Day. Show all posts
Tuesday, October 11, 2016
Real Estate Word of the Day
Amenity
A feature of the home or property that serves as a benefit to the buyer but that is not necessary to its use; may be natural (such as location, woods, water) or man-made (such as a swimming pool or garden).
A feature of the home or property that serves as a benefit to the buyer but that is not necessary to its use; may be natural (such as location, woods, water) or man-made (such as a swimming pool or garden).
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