Definition of "Priority"
- Preference.
- Precedence.
- Something given prior attention.
- Something having a higher level of importance or ranking. Example of when priority apply are a prospective tenant for an apartment is the first to be called, a secured creditor coming before an unsecured creditor in bankruptcy, and a first lien on property.
Popular Real Estate Terms
Individual who attempts to maximize his or her profitability by investing which the anticipation that a particular investment will go up in value. A speculator will generally be willing to ...
Large room at the entrance to a building designed for people to converse or move about freely. ...
The willingness of a lender to give a mortgage to a mortgagor. A mortgage commitment will give a time period the mortgage will be given and an indication of the interest rate to be charged ...
Also called "Grey Shell, "Bare Shell," and "Artic Shell," a Cold Shell could be described as the more radical version of a Vanilla Shell. So, what does precisely the Cold Shell definition ...
Written statements about a person or business that are malicious, unfounded, and damaging. It is the basis for legal action. ...
When we discuss loans, it is essential to know that there can be many types of loans and there also are open-end loans and closed-end loans. In regards to closed-end loans, these often work ...
Monthly fixed rental payment. ...
(1) Occupancy rate at which rental income of a property pays for operating expenses and debt service, leaving no residual cash flow. (2) The level of sales of a real estate business where ...
Selling price for a property less assumed mortgages by the buyer. For tax purposes, the computation of the contract price is critical. ...
Comments for Priority
what is the term used for first introducing a property to a buyer or tenant
Feb 22, 2021 09:01:17Hey Andy! I think you are referring to a showing. A home buyer is typically introduced to a property by a buyer’s agent through a showing. An open house is also one way a buyer can be introduced to a property, but the last one is a public house tour rather than a private tour.
Feb 26, 2021 09:09:20Have a question or comment?
We're here to help.