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Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...
Liquidation value. is the likely price of an asset when it is allowed insufficient time to sell on the open market, thereby reducing its exposure to potential buyers. Liquidation value is typically lower than . [1] Unlike or other available liquid assets, certain assets, like real estate, often require a period of several months in order to ...
Right of way is the legal right, established by grant from a landowner or long usage (i.e., by prescription ), to pass along a specific route through property belonging to another. [1] Access granted by a right-of-way ranges from being broad enough to grant access to the general public, [2] to being restricted for the benefit of only a specific ...
Editor's Note: Short sales and preforeclosures are two home types that constitute a growing subset of bargain homes that also includes properties referred to as "distressed" and "auction" homes ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
The word land is commonly known as "ground considered as property" or "the solid part of the earth's surface not covered by water". Sales is the term used for the exchange of property for an agreed sum. The combination of the three words rural land sales is commonly used in real estate when referring to the sale or acquisition of just land ...
However, real estate investors are also snatching up a record share of the most affordable homes in the country, according to the analysis. Low-priced homes represented 47.5% of investor purchases ...
Closing (sales) Closing is a sales term which refers to the process of making a sale. The sales sense springs from real estate, where closing is the final step of a transaction. In sales, it is used more generally to mean achievement of the desired outcome, which may be an exchange of money or acquiring a signature.