Absorption Rate
The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market.
B Term
/0 Comments/in Apprasial Term /by CosdenLorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled
Abstraction Method
/0 Comments/in Apprasial Term /by CosdenThis method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.
Accessory Building
/0 Comments/in Apprasial Term /by CosdenA building separate from the main structure on a property. Often used for a specific purpose, such as a workshop, storage shed or garage.
Accretion
/0 Comments/in Apprasial Term /by CosdenThe natural growth of a piece of land resulting from forces of nature.
ACRE
/0 Comments/in Apprasial Term /by Cosden43,560 square feet. A measurement of area.
Zzz
/0 Comments/in Apprasial Term /by CosdenLorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled
Actual Age
/0 Comments/in Apprasial Term /by CosdenThe amount of time that has passed since a building or other structure was built. See also: EFFECTIVE AGE.
Ad Val Orem tax
/0 Comments/in Apprasial Term /by CosdenTaxes assessed based on the value of the land and improvements.
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