Neighborhood
Definition of "Neighborhood"
Local geographic area with similar characteristics. It may be referred to by name (e.g., Brooklyn Heights, Palisades) and have designated boundaries. There are major streets such as for a shopping or restaurant district. Real estate property values partly depend on how good or bad the neighborhood is.
Popular Real Estate Terms
See concrete block. ...
Roof with one side that is at a sloped angle. ...
Property deriving at least 75% of the income from personal residences. ...
Conversion of real property into money. The breaking up and selling of a real estate company for cash distribution to its creditors and then owners. Chapter 7 of the Federal Bankruptcy ...
Real estate broker specializing in the listing and selling of commercial property. This property can include apartments, businesses, hotels, industrial, retail or wholesale uses. ...
Similar to an industrial park an office park is a planned and zoned development site for office buildings. ...
Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against ...
Outline or diagram of a structure or group of structures used for planning purposes. ...
Notion that a buyer should not pay more for a property than it would cost to buy at current prices for land, labor, and appraisals. ...
Have a question or comment?
We're here to help.