A
Absentee Owner - refers to a homeowner who does not live in the property
Acquisitions - the process of purchasing a real estate investment.
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, real estate investors utilize this calculation to determine the profit potential of a renovation property.
Analyze the Deal - conducting more in-depth research on the subject property before moving forward with the purchase.
Asking Price - the initial selling price of a property, that the seller is asking for the property.
Assessed Value - the value established for property tax purposes and takes comparable property sales and inspections of the property into consideration.
Assignee - Assignee
Assignment - a sales transaction with the original buyer of the property ("the assignor") allows another buyer ("the assignee") to take over the buying rights to purchase the property. Assignment is often used by wholesalers to get discounted properties under contract, with the intent to re-assign the buying rights to another buyer for a small profit. They then sell the property contract to an end buyer, such as a rehabber, by using a legal document called an assignment contract.
Assignor - the person who assigns or transfers an agreement or contract to another.
Auction - financial institutions will routinely sell properties, such as those they repossessed through foreclosure, at auctions available to the public.
B
Bandit Signs - small corrugated signs that display marketing messages, often sighted on yards and busy intersections. In real estate, these signs are often used to advertise to investors and motivated sellers.
Bird Dog - someone who spends their time locating potential real estate investment opportunities and pass those deals on to another investor for a fee.