by Myers Jackson | Sep 10, 2022 | Terms
Carrying Charges The costs involved in holding a property that is intended to produce income (either by sale or rent) but has not yet done so, i.e., insurance, taxes, maintenance, management. Also known as “holding costs”. Contact Get InTouch Email:...
by Myers Jackson | Sep 10, 2022 | Terms
Tax Sale Public sale of property at auction by governmental authority due to nonpayment of property taxes. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014, Grapevine, TX...
by Myers Jackson | Sep 10, 2022 | Terms
Caravan Auctions A series of on-site auctions advertised through a common promotional campaign. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address: Myers Jackson P.O. Box 2014, Grapevine, TX 76099 Name*...
by Myers Jackson | Sep 10, 2022 | Terms
Memorandum Also referred to as a “Bidder Acknowledgment,” or “Broker Acknowledgment,” the memorandum is signed by those parties either on the auction floor or in the contract room. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone...
by Myers Jackson | Sep 10, 2022 | Terms
Buyer’s Premium An advertised percentage of the high bid or flat fee added to the high bid to determine the total contract price to be paid by the buyer. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address:...
by Myers Jackson | Sep 10, 2022 | Terms
Uniform Standards of Professional Appraisal Practice USPAP can be considered the quality control standards applicable for real property, personal property, intangibles and business valuation appraisal analysis and reports in the U.S. and its territories. USPAP was...
