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A

Appraisal

It is a written justification of the value paid for the real estate investment property, initially based on an analysis of comparable sales of similar homes nearby.

Agent

One authorized to stand for and to act in support of another person (called the principal). Unlike an employee, who just works for a principal, an agent works in the replacement of a principal.

Assessed value

The assessment placed on real estate property by a public tax evaluator for purposes of taxation.

Asset

Any item owned by an individual that has value is called asset. Assets that could be converted in to cash value are known as liquid assets, such as bank account, stocks, mutual funds and so on. Other asset comprises real estate, personal property and debts owed to an individual by others.

 

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