What does Value/Price mean?

The value or price of a property is the amount of money that it is worth. This can be determined through a variety of methods, such as a professional appraisal or a comparative market analysis. The value of a property can be affected by a variety of factors, such as location, size, condition, and local market conditions.

Related Terms

Mortgage broker Buy-Down Mortgage Seller Carry-Back Right To Recission PITI (Principal, Interest, Taxes, Insurance) Historic Preservation Hazard Insurance Multi Listing Services Managed-Competition Lots Historic Structure Cap Fixer-Upper Escrow Company Access Buffer Strip Estimated Net Costs of Buying Real Estate Attorney Settlement Statement