by Myers Jackson | Dec 31, 2024 | Auction News
Concession Something given up or agreed to in negotiating the sale of a house. For example, the sellers may agree to help pay for closing costs. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions...
by Myers Jackson | Dec 31, 2024 | America’s Auctioneer
Comparables An abbreviation for “comparable properties,” which are used as a comparison in determining the current value of a property that is being appraised. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
by Myers Jackson | Dec 31, 2024 | Auction News
Multiple Listing Service (MLS) A clearinghouse through which member real estate brokerage firms regularly and systematically exchange information on listings of real estate properties and share commissions with members who locate purchasers. The MLS for an area is...
by Myers Jackson | Dec 31, 2024 | Auction News
Common Areas Those portions of a building, land, or improvements and amenities owned by a planned unit development (PUD) or condominium project’s homeowners’ association (or a cooperative project’s cooperative corporation) that are used by all of the unit owners, who...
by Myers Jackson | Dec 31, 2024 | Auction News
Multifamily Properties Typically, buildings with five or more dwelling units. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale...
