the process of purchasing a real estate investment.
Term Category: A
Auction
financial institutions will routinely sell properties, such as those they repossessed through foreclosure, at auctions available to the public.
Assignor
the person who assigns or transfers an agreement or contract to another.
Asking Price
the initial selling price of a property, that the seller is asking for the property.
Assignment
a sales transaction with the original buyer of the property (“the assignor”) allows another buyer (“the assignee”) to take over…
Assignee
Assignee
Assessed Value
the value established for property tax purposes and takes comparable property sales and inspections of the property into consideration.
Analyze the Deal
conducting more in-depth research on the subject property before moving forward with the purchase.
After Repair Value (ARV)
describes an estimate of a property’s value, after repairs and renovations have been made. As a part of deal analysis,…
Absentee Owner
refers to a homeowner who does not live in the property