Terms with Tag Realty
- Type 'A' Property — Definition,
- Residential property that is centrally heated and accessible year-round.
- Type 'B' Property — Definition,
- Property that may not be centrally heated or may only be seasonally accessible.
- Uniform Standards of Professional Appraisal Practice (USPAP) — Acronym, Canada,
- Unimproved Land Contract of Sale (ULCOS) — Acronym,
- Upgrades — Definition,
- Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
- Upside-down — Definition,
- A position that consumers find themselves in when the outstanding balance of a loan is higher than the current fair market value of the property purchased with the loan. See also "Depreciation."
- Upzoning — Definition,
- The process, often controversial, of changing the zoning in an area, usually to allow greater density or commercial use. Sometimes the term is used to mean the opposite -- changing the zoning in a broad area to limit growth and density.
- Urea Formaldehyde Foam Insulation (UFFI) — Acronym, Important, ➥ Most lender will not lend on properties containing UFFI or where UFFI has been removed.
- Useful Life — Definition,
- The number of years depreciable business property is expected to be productive and in use.
- Valuation — Definition,
- The estimation of a property's price value through an appraisal.
- The process of finding the worth of an asset or business.
- Vancouver Island Real Estate Board (VIREB) — Company Est. 1951, British Columbia, Canada,
- Vanilla Shell Improvements (VSI) — Acronym,
- Improvements made to a residential or commercial building resulting in a minimally finished interior.
- Vendor — Definition,
- The seller of a property.
- Vendor Take Back — Definition,
- Where the seller of the property provides all or some of the financing in order to sell the property.
- Victoria Real Estate Board (VREB) — Company, Canada,
- Victorian Style (Vict) — Abbreviation,
- Virtual Real Estate (VRE) — Acronym,
- Walk-through — Definition,
- A buyer's final inspection of a property, usually on the day of closing or the day before.
- Warehouse (whous) — Abbreviation,
- Warranty — Definition,
- A document certifying clear title to a property.
- A guarantee from a dealer or a manufacturer that a vehicle or product will perform as expected or specified. An auto warranty usually covers specified mechanical problems for a set number of kilometers or period.
- Waterfront (wft, wf, wtrfr) — Abbreviation,
- Week Closing (W/C) — Acronym, ➥ Refers to a date or deadline.
- Wetlands (wetl) — Abbreviation,
- Whistler Real Estate Company (WREC) — Company Est. 1978, British Columbia, Canada,
- Windsor-Essex County Real Estate Board (WECREB) — Company, Canada,
- Xpress Property Xchange (XPX) — Company, Canada,
- Yard (yrd, yd) — Abbreviation,
- Year Built (YrB) — Abbreviation,
- York Region Real Estate Board (YRREB) — Company, Ontario, Canada,
- Yukon Real Estate Association (YREA) — Company, Whitehorse, Yukon, Canada,
25.
Type 'A' Property -
Xpress Property Xchange
Xpress Property Xchange
26.
