Real Estate Glossary
Generally refers to the purchase of real property with all faults/defects included. The seller must disclose any known defects in the property in an “as is” purchase; the buyer may also have the right to inspect the property. However, the buyer has agreed to purchase regardless of the condition of the property.
A written justification of the price paid for a property, primarily based on an analysis of comparable sales of similar homes nearby.
Estimated yearly appreciation or depreciation trend for a particular or similar properties in the same neighborhood
Price the property is listed for sale
The valuation placed on property by a public tax assessor for purposes of taxation.
Items of value owned by an individual
Transfer of mortgage ownership from one company or individual to another