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Terms in this set (102)
A competitive market analysis is setting a listing price.
MOST often used for
,A couple owns an older home in anticipation.
a neighborhood that is becoming
a commercial area. Because of
the change in the use of the land,
the couple can expect the value
of their parcel to increase at
some future time. This is an
example of the principle of
A commercial property lost value economic or external obsolescence.
because a recently constructed
highway moved traffic away from
the property. This is an example
of
,According to the principle of most homes are larger than the sale home.
progression, a three-bedroom,
one-story home is MOST likely to
bring the highest sales price if
located in a neighborhood in
which
A prospective seller asks a a competitive market analysis to determine
salesperson to recommend a the property's value.
listing price for a property. The
salesperson should suggest
, If all other factors are equal, in Business district zoned for a six story office
which location is a parking lot building.
likely to bring the highest sales
price?
When the sellers are lending part foreclosure is usually simpler and faster.
of the purchase price, they may
secure the debt either with a
deed of trust or a mortgage. For
the seller, one benefit of the
deed of trust is that