Water Rights
water shares are a part of real propterty that can be transfered with the sale of a proptery.
True
A document that is proof and transfers property ownership.
Deed
this is a loan used specifically to purchase a piece of land or real estate
mortgage
one of the rights a homeowner has in their real estate "bundle of rights"
possession, control, enjoyment, exclusion, disposition
when real estate sales are down so are these.. just need one answer
furniture, appliances, furnishings, decor, landscaping products.
efers to bodies of water that are large enough for boats or ships to travel.
Navigable
this is one thing that needs to be present in order for a contract to be valid and binding
signature, consideration, purpose, offer/acceptance, in legal bounds
The difference between the property's market value and the amount owed on it
Equity
type of home that shares walls on sides and above and below
Condominium/ appartment
The increase in a property's value over time.
Apperciation
these rights refer to bodies of moving water like rivers and streams
ripirian
the legal document that transfers legal ownership of a property from one party to the next.
Deed
This appraisal approach is used for income-producing properties
income approach/ capitalization approach
This real estate professional develops opinions of property values....
Real Estate Appraiser
the concept in real estate that says the owner should construct or access the property in the most profitable way or the way that gives the best return.
highest and best use
These water rights refer to standing bodies of water
littoral
A claim or lien on a property by someone other than the owner.
Encumbrance
The process of paying off a loan over time through regular payment schedule consisting of principle and interest.
Amortization
type of properties used for business purposes, like offices or malls.
Commercial
these laws that are in the control of local governments can affect the value and types of real estate available.
zoning laws.
Farmer A starts using a river for irrigation before Farmer B, Farmer A has priority during shortages.
prior appropriation
A condition that must be met for a contract to be binding.
Contingency
The percentage charged on a loan, reflecting the cost of borrowing.
The balance between available properties and buyers' interest.
Supply and Demand
The total income from a property minus operating expenses. It's crucial for assessing the profitability of income-generating real estate.
NOI net operating income