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South Florida real estate developer Martin Margulies has been sitting on prime ocean-front property ...
» FL   » Real Estate news03/15/2012
 
In Texas, both judicial or in court and non-judicial or out of court foreclosures are followed. As i...
» TX   » Foreclosure05/02/2008
 
South Florida's housing crash may be old news, but recent data offer some valuable perspective. ...
» FL   » Real Estate news01/20/2012
 
Choosing your dream home is an exciting affair, but it also involves a great deal of planning. It ca...
» VA   » Home buying01/07/2012
 
North Dakota only allows judicial or in court foreclosures. This means that when a bank believes tha...
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Appraisal

A professional determination of value. Mortgage companies usually require an appraisal of the property by a licensed, disinterested party before agreeing to loan money on the property. Methods of determining value may be based on many things, such as comparable sales in the area, the cost approach, the income approach, or the highest and best use of the property.

See also:
  • Acceptance
  • Ad Valorem Tax
  • Adjustable Rate Mortgage
  • Agent
  • Amortization
  • Amortization Schedule
  • Annual Percentage Rate
  • Appraisal
  • Appraised Value
  • Appreciation
  • APR
  • ARM
  • As Is Condition
  • Asking or Listing Price
  • Assessed Value
  • Assignee
  • Assumable Mortgage
  • Assumption of mortgage

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  • Real Estate Glossary
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