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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Principle of Regression


Synonyms:principle of real estate regression, real estate regression principle, regression principle
Filed Under: real-estate
Tags: realty
 

Definition of principle of regression

principle of regression
1. The belief that a larger and more expensive dwelling will lose value if it is located near smaller low-priced dwellings.

Related Terms and Acronyms:

  • comparables   Refers to "comparable properties," which are used for comparative purposes in the appraisal process.
  • cul-de-sac (Cldsc, Culd)   A dead-end street, often with a broad circle at the end.
  • current market value (CMV)   The estimated price determined by the recent sale of similar properties.
  • fair market value (FMV)   The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • market value (MV)   Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • principle of conformity   The notion that a house will fetch a fair price if it is situated among houses of similar size, style and condition.
  • principle of progression   The notion that a smaller house's value will be enhanced if it is near larger, fancier houses.
  • property value   The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
  • seller's market   Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.

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